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The annual Social Security and Medicare trustees report has pushed back the go-broke dates for these programs due to an improving economy. Medicare's go-broke date for its hospital insurance trust fund was pushed back five years to 2036, while Social Security's trust funds will be unable to pay full benefits beginning in 2035. President Joe Biden has pledged to strengthen Social Security and Medicare, while a majority of U.S. adults oppose proposals that would cut into these benefits. The future of Social Security and Medicare has become a top political talking point as President Biden and former President Donald Trump campaign for reelection. Congressional Budget Office report has stated that the biggest drivers of debt rising in relation to GDP are increasing interest costs and spending for Medicare and Social Security.
