During an appearance on CNBC’s “Squawk Box” this past Monday, Social Security Administration (SSA) Commissioner Frank Bisignano expressed confidence in the long-term viability of the Social Security program. Reflecting on the agency's history, Bisignano remarked, “This is a long journey. It’s 90 years old. It’ll be around for another 90 years.”

Bisignano’s comments arrive as the SSA prepares to announce its annual cost-of-living adjustment (COLA) on Wednesday. The COLA is a critical metric for beneficiaries, as it determines the annual increase in payments to account for inflation. The upcoming figures are calculated based on data provided by the Bureau of Labor Statistics. While the Commissioner’s statement emphasizes the enduring nature of the program, it does not address the specific financial projections or potential funding shortfalls often cited by the Social Security Board of Trustees in their annual reports. The Commissioner's outlook serves as a public assurance of the program's stability as beneficiaries await the updated payment schedules.