The Future of Social Security with Nancy Altman

The guest is Nancy Altman, president of Social Security Works, discussing the current challenges facing Social Security amid governmental upheaval and projected fund depletion. Altman highlights the efforts to privatize and outsource the administration of Social Security, which could create inefficiencies and put beneficiaries at risk. She explains the importance of human decision-makers in the administration, especially during vulnerable times for beneficiaries. The conversation also touches on the potential depletion of the Social Security Trust Fund by the 2030s, the impact of income inequality on funding, and the possible solutions proposed by Democrats to expand benefits and ensure the program's sustainability. Altman urges listeners to contact their congressional representatives to demand oversight and prevent further erosion of Social Security services.

 

Topics

01:23 Current State of Social Security

02:03 Impact of Government Actions on Social Security

03:08 Challenges Faced by Social Security Administration

04:37 The Role of AI and Outsourcing

05:53 The Bigger Picture: Government Efficiency and Privatization

11:47 Future Projections and Trust Fund Depletion

25:59 Social Security Works: Mission and Activities

29:08 Final Thoughts and Recommendations