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The Financial Status of Social Security and Medicare - Forbes
Hyperbole abounds about Social Security’s finances and, though somewhat less, about Medicare’s financial situation. Media headlines regularly scream about Social Security “going bankrupt” and Medicare “running out of money,” neither of which are true statements. What is true is that both programs are facing solvency issues which, if not resolved by Congress soon, will negatively affect all Americans who rely on these two programs. And what’s also true is that it’s important to understand the facts about the financial issues faced by Social Security and Medicare, and this Forbes article by John F. Wasik does exactly that - present the facts about Social Security’s and Medicare’s finances, as distilled from the report from the Trustees of these important programs. Click here to read the Forbes article about Social Security’s and Medicare’s financial issues.
AMAC has been at the forefront trying to strengthen Social Security by developing and proposing its Social Security Guarantee to restore Social Security to financial solvency. AMAC has been discussing and continues to discuss this common-sense solution with Congressional Representatives in its efforts to protect America’s senior citizens who rely on Social Security. To review AMAC’s Social Security Guarantee, click here.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.