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Candidates' Plans for Social Security and Medicare Lack Clarity Amid Election

As Social Security and Medicare face insolvency, neither Trump nor Harris offers a comprehensive solution to avert benefit cuts.

  • Social Security is projected to be depleted by 2034, and Medicare by 2036, risking significant benefit cuts for retirees.
  • Donald Trump's proposals may accelerate Social Security insolvency to 2031, potentially leading to a 33% benefit cut.
  • Kamala Harris supports new taxes on the wealthy to stabilize Social Security but lacks detailed plans to prevent automatic cuts.
  • Neither candidate has a clear strategy to address Medicare's financial challenges, though Harris proposes expanding drug price negotiations.
  • Older voters express concern over the candidates' vague plans, with Social Security being a top financial priority for many.
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