Millions of Americans count on Social Security and Medicare to solve the financial puzzle that is retirement. But both programs are facing funding shortfalls that could start affecting recipients within the next decade. Unless Congress addresses Social Security, scheduled benefits could be cut by 20% after 2034. And unless Medicare’s hospital insurance fund gets a boost before 2032, it might be able to pay only 89% of scheduled benefits.
Will the feared benefit cuts really come to pass? Some think Congress will overcome its…
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