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Medicare, Social Security Face Shaky Fiscal Futures, Report Shows

The U.S. Capitol Building in Washington, D.C., U.S., on Sunday, Jan. 20, 2019.

The U.S. Capitol Building in Washington, D.C., U.S., on Sunday, Jan. 20, 2019.

Photographer: Alex Edelman/Bloomberg
THE ASSOCIATED PRESS (ANDREW TAYLOR)
Updated on

Washington (AP) -- The financial condition of the government's bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government's overseers of Medicare and Social Security.

It paints a sobering picture of the programs, though it's relatively unchanged from last year's update. Social Security would become insolvent in 2035, one year later than previously estimated.