Some Tentative Musings About The Future For Benficiaries

     Alicia H. Munnell, the director of the Center for Retirement Research at Boston College, has penned a piece for Marketwatch on the effects of the Covid-19 pandemic on Social Security. She's not definite. It's not possible to be at this point. She suggests that even though there will be no near term effect upon Social Security's ability to pay benefits, the economic effects of Covid-19 may hasten the day that something will have to be done about the Social Security trust funds. She also believes it is possible there will be no cost of living adjustment in Social Security benefits this year because the economic crisis has stopped inflation. In the long run, Munnell thinks that there may be some effect upon future Social Security payments to those whose earnings are reduced or absent now due to Covid-19. Low income workers may be the ones most affected.