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Pandemics good for Social Security?

2025-02-20 00:33:40.865867+01 by Dan Lyke 0 comments

National Bureau of Economic Research Working Paper Series: The Effect of US COVID-19 Excess Mortality on Social Security Outlays/cite>

The pandemic resulted in approximately 1.7 million excess deaths among individuals aged 25 and older between 2020 and 2023. These premature deaths reduced future retirement payments, which increased the Social Security fund by $294 billion. However, this gain was offset by reductions in future payroll tax flows ($58 billion) and increased payments to surviving spouses and children ($32 billion), resulting in a net impact of $205 billion.

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[ related topics: Children and growing up Politics Work, productivity and environment Economics ]

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