Research warns delaying Social Security reform could destabilize bond markets and the economy

New research from George Mason University's Mercatus Center finds that delaying Social Security reform could negatively impact bond markets and the broader economy. The Social Security OASI trust fund is projected to be depleted by late 2032, three months earlier than previously estimated, at which point only 78% of benefits may be payable. The research warns that pushing reform closer to the depletion date increases fiscal risks and market instability.