A little more time for Social Security and Medicare funds
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 7 May 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
The good news: The forecasted date at which the Social Security and Medicare trust fund can’t pay full benefits for everyone was pushed back a few years in a report issued Monday. Bad news: That day is still coming, unless Congress acts. Also: aging in place or stuck in place? The challenges of homeownership later in life. Later in the episode: Reddit’s revenue and union organizing efforts in the South.
Transcript
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| 0:47.0 | This is Marketplace. In Baltimore, I'm Amy Scott in for Ky Rizdahl. It's Tuesday, May 7th. Good to have you with us. There's some moderately |
| 1:05.6 | good news this week for those who depend or soon will depend on Medicare and Social Security |
| 1:11.3 | benefits. The money that pays for those programs will |
| 1:14.4 | last a little longer than previously expected, per the latest reports to Congress. |
| 1:19.1 | The so-called go-broke date for Social Security has been pushed back one year to |
| 1:24.8 | 2035. For Medicare that date's been extended an additional five years to 2036. |
| 1:31.1 | What happens after that remains a huge problem to solve though. |
| 1:36.0 | Marketplace's Sabrie Benashore has more. |
| 1:38.8 | If the Pentagon wants money, Congress decides, or sometimes fails to decide, to give it. |
| 1:44.1 | Also, how much to give and how to pay for it. That is not how Social Security and |
| 1:48.6 | Medicare work. The Social Security and Medicare programs operate out of trust funds. |
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