Do Social Security and Medicare Programs Have Enough Money?
Over 10,000 baby boomers are turning 65 years old every single day according to the American Association for Retired Persons (AARP). The deluge of aging Americans and the increase in longevity in the already 65 plus population are the main reasons why the Social Security and Medicare programs are expected to have financial insolvency issues in the coming decades. Unsurprisingly, the vast majority of baby boomers agree that it is critical to preserve Social Security benefits even if it requires an increase in taxes paid into the system by working Americans. Payroll taxes by far account for the majority of ... Read More
