Orderly Fraud Cleanup

The most likely path is that the Social Security Administration frames the correction of 50 million SSNs as a long-delayed data-integrity project rather than a benefit-cutting exercise. Cross-agency matching with Treasury, IRS, CMS, and state vital-record systems improves fraud screening while producing limited disruption for beneficiaries.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.