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American Academy of Actuaries Doubles Down on Misleading Answer to Cause of Social Security Funding Deterioration
Ken Steiner, FSA Retired 
[Opinion] July 10, 2023 "When considering the causes of the system's funded status deterioration over time, there is no better resource than Table 1 of Actuarial Note 2023.8 and not some broad impression.... If we didn't have the significant actuarial losses from the valuation date creep and from economic data and assumptions over the past 40 years, the system would now be in good financial shape and no one would be talking about demographics at this time.... One need look no further than the CPP in Canada for an example of a country with similar demographics but a much healthier funded status." |
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