Report delivers blunt reality check as US Medicare, Social Security shortfall surges to $130T — how to protect yourself

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The claims Via News extracted from this document. We point to the source; we don't replace it.

• The U.S. is on an unsustainable fiscal trajectory driven by massive government spending and high debt

  60% confidence

• Unfunded liabilities of Social Security and Medicare could be worth $88.4 trillion over a 75-year period

  60% confidence

• Corporate taxes will rise in the long-term to help close some of the government's fiscal deficit

  60% confidence

• Unfunded liabilities of Social Security and Medicare could be worth $88.4 trillion over a 75-year period

  60% confidence

• Nearly 50% of Americans are making 1 big Social Security mistake

  60% confidence

• Raising the retirement age, placing a cap on benefits for high-income households, or expanding legal immigration to bring in more young contributors would close some of the gap in the Social Security trust fund

  60% confidence