Published Jun 9, 2018. By Ricardo Alonso-Zaldivar.
In Associated Press.
An unexpected weakening in the finances of Social Security and Medicare has raised concern about the bedrock programs for the middle class. The problems may only keep getting worse in a time of political tension and deep partisan divisions. . . .
“Really the system is fine for older people; it’s not fine for younger people,” said Robert Bixby of The Concord Coalition, a nonpartisan group that advocates better control of federal budgeting.
“People under 50 are paying into a system that can’t afford to pay them the benefit it’s promising them, and I don’t think they realize it. The more we delay reforms, the more sudden and draconian they would be, especially for younger people.”