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April 23, 2019

Medicare, Social Security face shaky fiscal futures

  • A new government report says Medicare could become insolvent by 2026, Social Security by 2035.
  • By ANDREW TAYLOR
    Associated Press

    WASHINGTON — The financial condition of the government's bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government's overseers of Medicare and Social Security.

    It paints a sobering picture of the programs, though it's relatively unchanged from last year's update. Social Security would become insolvent in 2035, one year later than previously estimated.


     
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