Report delivers blunt reality check as US Medicare, Social Security shortfall surges to $130T — how to protect yourself
View original at finance.yahoo.comReport delivers blunt reality check as US Medicare, Social Security shortfall surges to $130T — how to protect yourself Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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Corporate taxes will rise in the long-term to help close some of the government's fiscal deficit
60% confidenceUnfunded liabilities of Social Security and Medicare could be worth $88.4 trillion over a 75-year period
60% confidenceNearly 50% of Americans are making 1 big Social Security mistake
60% confidenceRaising the retirement age, placing a cap on benefits for high-income households, or expanding legal immigration to bring in more young contributors would close some of the gap in the Social Security trust fund
60% confidenceThe U.S. is on an unsustainable fiscal trajectory driven by massive government spending and high debt
60% confidenceUnfunded liabilities of Social Security and Medicare could be worth $88.4 trillion over a 75-year period
60% confidence