Medicare, Social Security Face Shaky Fiscal Futures, Report Shows
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.
The U.S. Capitol Building in Washington, D.C., U.S., on Sunday, Jan. 20, 2019.
Photographer: Alex Edelman/BloombergWashington (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.