CED Issues Statement on 2024 Social Security and Medicare Trustees Reports

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Committee for Economic Development of The Conference Board (CED)

May 08, 2024, 09:05 ET

NEW YORK, May 8, 2024 /PRNewswire/ -- Today, John Gardner, Vice President, Public Policy at the Committee for Economic Development (CED), the public policy center of The Conference Board, released the following statement:

The 2024 Social Security and Medicare Trustees reports demand action: The Debt Crisis is here, and Congress must urgently act to address the solvency of the Trust Funds. While stronger-than-expected economic growth in 2023 slightly improved the financial projections for these programs, long-term demographic changes pose structural challenges for vital retirement and healthcare benefits for seniors and the disabled.

We reiterate our call for a bipartisan Congressional Commission on Fiscal Responsibility to consider comprehensive and sustainable solutions and urge Congress to adopt solutions both to avoid the short-term insolvency of the Social Security OASI Trust Fund and put the Social Security and Medicare Trust Funds on sound financial footing to preserve these crucial programs for current beneficiaries and future generations of Americans.

About The Conference Board
The Conference Board is the member-driven think tank that delivers Trusted Insights for What's Ahead™. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.ConferenceBoard.org

The Committee for Economic Development (CED) is the public policy center of The Conference Board. The nonprofit, nonpartisan, business-led organization delivers well-researched analysis and reasoned solutions in the nation's interest. CED Trustees are chief executive officers and key executives of leading US companies who bring their unique experience to address today's pressing policy issues. Collectively, they represent 30+ industries and over 4 million employees. www.ced.org

SOURCE Committee for Economic Development of The Conference Board (CED)