Social Security’s financial future is becoming increasingly uncertain, with the program’s trust fund projected to face depletion in 2032 without Congressional action. Former U.S. Mint Director and U.S. Money Reserve President Philip N. Diehl warns that the challenge could arrive sooner than current projections suggest, particularly as artificial intelligence reshapes the workforce, potentially reducing employment and wages—and, consequently, payroll-tax revenue.
Source: USA Today
As seen on:
Stay informed about the stories and events moving precious metals markets.
Related Articles
Philip Diehl, former U.S. mint director during the Clinton administration and president of gold and precious metals dealer U.S. Money Reserve, said he expects AI to take a bigger toll in coming years that will hit Social Security. There’s a painful transition coming during which new jobs will be created at a slower pace and…
Following the Federal Reserve’s 9-3 decision to leave interest rates unchanged, U.S. Money Reserve President Philip Diehl joined BNN Bloomberg to discuss what the policy move signals for the economy, inflation, and gold. Diehl shares his perspective on the Fed’s outlook, the broader economic landscape, and why today’s environment continues to reinforce the case for…
Philip N. Diehl, 35th Director of the U.S. Mint and President of U.S. Money Reserve, joins ABC News to discuss the Federal Reserve's interest rate decision and what it could mean for inflation, economic growth, and your financial future. View Original Video
Questions?
(866) 646-8465
