ai and social security

Is AI a Threat to Social Security Benefits?

As the world continues to embrace artificial intelligence (AI) technologies, new questions continue to arise. With AI making many mundane and complex tasks easier, one of these questions is what kind of long-term effect it will have on Social Security benefits. If AI impacts American jobs, as some experts suggest, it could drastically alter the landscape of Social Security.

Yahoo! Finance reports that AI is already making some roles obsolete, such as telemarketers and loan officers. As technology continues to develop, more occupations may become automated in the future. This could mean fewer jobs for Americans, leading to a decrease in Social Security contributions by employers and employees.

AI has yet to be classified as an “employee,” so companies cannot be held responsible for the Social Security contributions they would normally make on behalf of their AI assistants. This could lead to less funding for Social Security, which already faces a long-term deficit.

The solution to this isn’t yet clear, but it’s important for policymakers to start considering the implications of AI on Social Security sooner rather than later. As for the Social Security Administration, they’ve issued a temporary block on generative AI for the immediate future.

Help The Seniors Center Protect the Future of Social Security

At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Retirees shouldn’t have to worry about losing their hard-earned benefits to taxes or the agendas of greedy politicians. If you agree, we invite you to sign our petition today! And follow The Seniors Center on Twitter and Facebook for more updates!