Fix Entitlement Programs to Save the American Dream
The latest installment in a National Public Radio (NPR) series considers how entitlement programs impact Americans’ opportunities. This is a welcome discussion, because growing entitlement spending threatens the American dream for people of all generations.
Spending on the three main entitlement programs—Medicare, Medicaid, and Social Security—is projected to double as a share of the economy within a few decades. Spending on Social Security is driven upwards as more Americans retire, while spending on Medicaid is driven upwards by rising health care costs. Medicare spending is driven both by demographics and rising health care costs.