M - Social Security or Medicare: Which Is in the Most Immediate Danger?
2024-05-12 05:48:00 ET
Americans were recently surveyed by the folks at AARP about their feelings regarding Social Security and Medicare, and not surprisingly, the vast majority of them are big fans. According to an article on AARP's website, "Nearly all Americans age 50-plus say Social Security and Medicare are important for financial security in retirement, including 90% who say Social Security is very important and 84% who say Medicare is very important."
Thus, it's a big deal that the future solvency of both programs is in question. Here's a look at the recent condition of the programs, along with how long they're expected to remain solvent. (Spoiler: Medicare's coffers are in slightly better shape.)
Image source: Getty Images.
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Social Security or Medicare: Which Is in the Most Immediate Danger?