Social Security and Medicare Trustees Urge Prompt Action

This week on Facing the Future we took a close look at Social Security and Medicare, the two largest programs in the federal budget. Between them they cost nearly $2.2 trillion dollars in 2023, roughly 36 percent of total federal spending. They also affect the retirement income and healthcare of millions of Americans. 

On Monday, May 6, the Social Security and Medicare trustees issued their 2024 report, which again indicated that both programs have serious challenges ahead, and those challenges are not too far off.