Millennials vs. Boomers panel on social security concerns, growing debt
Millennials vs. Boomers panel discusses social security fears, student debt, millennial homebuyers and growing national debt on ‘Cavuto: Coast to Coast.’
The time frame for Social Security and Medicare to go-broke has been pushed back, helped by a stronger-than-expected economic recovery from the coronavirus pandemic.
The annual Social Security and Medicare trustees report says the Social Security’s trust fund will be unable to pay full benefits beginning in 2035, instead of last year's estimate of 2034.
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The projected depletion date for Medicare’s trust fund for inpatient hospital care moved back two years to 2028 from last year’s forecast of 2026.