Government Spending On Seniors’ Benefits Soon To Make Up Majority Of Federal Budget

By Thérèse Boudreaux | The Center Square(Worthy News) – More than half of the federal budget will go toward benefits for Americans 65 years and older by 2036, and that percentage is set to only grow, a recent congressional report finds.The Joint Economic Committee’s 2026 report shows that non-interest federal spending on Social Security and Medicare payouts will climb from 45% to 52% over the next decade“Given long-term demographic forecasts, this increase does not represent a peak, but ra