All Eyes Are on Social Security's Financial Woes. But Medicare Is in Trouble, Too.
This could be a huge blow to many seniors' budgets.
Overview
Social Security benefits may not be part of your daily life right now, but chances are, you've recently heard at least a bit about the program's struggles. The latest Trustees Report estimates that its trust funds will be depleted in 2032. Beneficiaries could see their checks shrink by 22% at this point unless the government intervenes.
It's a scary stat, but it's only part of the challenge facing today's workers and seniors. Medicare is on a similar timeline to trust fund depletion, and far fewer people are aware of the challenges this could bring.
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Details
Source
Originally published at www.fool.com.
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