Remote video URL
Fiscal Challenges Facing the Next Administration
Can Social Security avoid insolvency?
Speaker
Marc GoldweinDate & time
Mar 11, 2024,
4:00-5:30 pm EDT
Location
As the 2024 presidential campaign ramps up, candidates are facing pressure to pledge not to touch Social Security. While this pledge is framed as ‘protecting benefits,’ it is – in reality – an implicit endorsement of a 23 percent across-the-board benefit cut in 2033, when the Social Security retirement fund becomes insolvent. In that year, annual benefits would be cut by $17,400 for a typical newly retired dual-income couple.
US Budget Watch 2024 is a project of the nonpartisan Committee for a Responsible Federal Budget designed to educate the public on the fiscal impact of presidential candidates’ proposals and platforms. It does not support or oppose any candidate for public office.
Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, where he guides and conducts research on a wide array of topics related to fiscal policy and the federal budget. He is frequently quoted in a number of major media outlets and works regularly with Members of Congress and their staffs on budget-related issues.
Previously, Marc served as Associate Director of the National Commission on Fiscal Responsibility and Reform (The Fiscal Commission) and senior budget analyst on the Joint Select Committee on Deficit Reduction (The Super Committee). He also conducted research for the Government Accountability Office, the World Bank, the Historian's Office at the Social Security Administration, and the Institute of Governmental Studies at UC Berkeley.
In addition to his work at the Committee, Marc serves on Martha's Tables' Business Advisory Council and teaches economics at Johns Hopkins University and the University of California DC. Marc is the recipient of the Johns Hopkins University Excellence in Teaching award and was featured in the Forbes "30 Under 30" list for Law & Policy. He holds a BA and MA from Johns Hopkins University.
