It’s harder to shore up retirement finances as pensions become rare, Americans balance spending and savings goals
Social Security and Medicare are huge support systems for millions of older Americans, and a blow to these programs would be detrimental to retirees, experts said at a Brookings Institution event.
Another necessity: keeping Social Security on “good footing,” Baily said. “We I think need to do more there. We don’t want people at age 85 to suddenly find they have to choose between getting their prescriptions filled and going to the grocery store.”
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