• Scoops
  • Posts
  • ğŸ”Ž Market Mysteries

ğŸ”Ž Market Mysteries

Is the government spending away my retirement savings?

Hey friend - welcome to the weekly deep dive into the biggest economic trends facing our lives and our planet.
Our answer:

The vast majority of our tax dollars go toward providing healthcare and income support for older, disabled, or low-income Americans. Over the past few years, the necessary spending to support these programs has exceeded the annual tax revenue, forcing the government to take on debt and dip into reserve funds. As borrowing grows more expensive and reserve funds remain on track to run out within the next decade, the government must find a practical solution to protect these vital services.

What is entitlement spending?

Entitlement spending refers to government programs that provide guaranteed benefits to individuals who meet specific criteria, such as age or income level. These mandatory spending programs account for two-thirds of government spending, and the most significant programs are Social Security, Medicare, and Medicaid.

Subscribe to Scoop Insiders to read the rest.

Become a paying subscriber of Scoop Insiders to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
Premium Weekly Scoops Content - Catch up on every trend affecting your money, home, and career
Premium Explained Content - Breaking down the biggest economic challenges facing people and planet
Insider Community Access - Exclusive discussions with our founding team and other Insiders
Early Access & Rewards - Help shape the future of the Scoops platform and earn special gifts

Join the conversation

or to participate.