Why are Social Security and Medicare spending expected to increase in the near future?

A. The amount people receive are expected to take a big jump

B. The baby boomer generation will qualify for both programs

C. The people who qualify will receive the maximum benefit

D. The generation over age 85 will qualify for expensive medical programs

Question

Business

Lincoln Thomas

4 May, 21:33

Why are Social Security and Medicare spending expected to increase in the near future?

A. The amount people receive are expected to take a big jump

B. The baby boomer generation will qualify for both programs

C. The people who qualify will receive the maximum benefit

D. The generation over age 85 will qualify for expensive medical programs

+4

Answers (1)

Know the Answer?

Melody Padilla · Answer 1

It is always something like B. People born from 1946 - 1955 (those are just numbers), form the majority of the population. They have paid into the pool and they expect to draw out benefits. They have been doing so for at least 8 years.

Health failure is beginning to catch up to this age group and most have not saved for their retirement. Even home ownership is no guarantee that they have the resources to combat what health problems they are having. They need to draw on entitlements. Sooner or later, there won't be any.