"Americans age 65 and older received an estimated $2.7 trillion in federal outlays last year, six times as much as the $449 billion for Americans under 26 years old."
"Nearly 80 percent of Americans surveyed by Pew Research in 2024 said Social Security benefits should not be reduced in any way."
"Budgeting for both Social Security and Medicare has been a struggle in the past several years as the programs face financial shortfalls."
"It's actually driven by biology. They know they're going to be older, they're not going to be younger."
In the U.S., federal spending on retirees aged 65 and older reached approximately $2.7 trillion, compared to $449 billion for those under 26. Working-age adults received about $1.2 trillion. The majority of funds for retirees stem from Social Security and Medicare, which are widely supported by the public. Despite their popularity, these programs face financial challenges due to an aging population. Most Americans contribute to Social Security during their working years, anticipating benefits in retirement, with strong political backing for these programs.
Read at The Washington Post
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