Social Security and Medicare May Cut Benefits to 77% by 2035 (#348)

In this episode, A.B. Ridgeway discusses the future of Social Security and Medicare, emphasizing the challenges these programs face in the coming years. He provides a detailed breakdown of how potential cuts and insolvency could impact retirees by 2035 and why it’s essential for individuals to create their own financial plans. A.B. urges listeners not to rely solely on government programs for retirement and instead take personal responsibility for their financial future.

3 Key Takeaways:

1. Social Security Cuts Are Likely: By 2035, Social Security is projected to reduce benefits by 20-25%, meaning individuals will receive only around 77% of their expected payouts.
2. Medicare Faces Similar Challenges: Medicare could become insolvent by 2036, raising concerns for those who rely heavily on this e ...