Building an Economy that Works for Everyone

Social Security Trustees Report 2002 – An Analysis

Social Security remains a successful and solidly financed social insurance program for working and retired families. While efforts continue to undermine Social Security by questioning the solvency of the program:

  • The 2002 Trustees Report confirms that Social Security is fiscally sound and solvent decades into the future.
  • Even under dire economic conditions, today’s young workers will still receive higher benefits when they retire than today’s seniors after adjusting for inflation.
  • Proposals to replace Social Security’s guaranteed benefits and social insurance protections with private accounts would seriously undermine the economic security of all Americans.
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