2020 Election: Retirement Security

Both Trump and Biden have resolved to protect Medicare and Social Security.

(Image credit: Illustration by Neil Webb)

Unless Congress acts, Social Security will deplete its $2.9 trillion reserve fund by 2035, which means the program would be able to pay only about 79% of promised benefits. Medicare’s finances are even more precarious. Given that seniors are a large voting constituency, both Trump and Biden have resolved to protect Medicare and Social Security.

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