We must keep the promise of Social Security to current beneficiaries and those nearing retirement while reforming the program so it can effectively serve younger generations of Americans. Beginning in 2021, program costs are projected to exceed income, shrinking the trust fund, and threatening the future of Social Security and quality of life for future retirees.
As more Baby Boomers enroll in Medicare, it too is facing serious challenges. The program’s hospital insurance trust fund will be insolvent in 2026 — less than ten years from now — leaving younger Americans uncertain about their future.
These programs require bold decisions and innovative reforms that will guarantee their existence for rising generations of Americans.
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