Social Security Commissioner Predicts Program Will Endure 90 More Years
Social Security Administration Commissioner Frank Bisignano said the program will remain solvent for another 90 years during a CNBC interview. The SSA is set to announce its annual cost-of-living adjustment after September inflation data is released. This year benefits rose 2.8 percent for about 75 million recipients, and the Senior Citizens League projects a 3.5 percent increase for 2027.
Frank Bisignano, who leads the Social Security Administration, predicted during a Monday CNBC appearance that the program would remain in place for nine more decades. The agency is scheduled to announce its yearly COLA on Wednesday, once federal inflation figures for September are available.
In 2026, payments rose 2.8% for about 75 million beneficiaries. The Senior Citizens League estimates next year’s adjustment at 3.5%, which would rank as the fourth-largest since 2008.
The commissioner’s projection may influence how current and future beneficiaries view the program’s reliability. A forthcoming COLA could affect monthly budgets for retirees, disabled workers, and families who receive benefits, especially if inflation remains elevated. Workers paying into Social Security may also weigh long-term solvency signals when planning retirement. Because the adjustment is not yet announced, its actual effect on household finances remains uncertain.