- 🔎 Market Mysteries
🔎 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.
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.
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