This GOP Senator Wants to Cut Social Security and Medicare Benefits
Social Security and Medicare are arguably the two most important programs for seniors in this country. Deciphering which one bears greater importance tends to depend on your age.
For current retirees, you're liable to receive more from Social Security over your lifetime than the savings you'll receive from Medicare. In fact, 62% of current retirees lean on Social Security for at least half of their monthly income, according to the Social Security Administration (SSA). But as medical care costs outpace Social Security's cost-of-living adjustments over time, today's younger workers could find that Medicare is their most important social program with regard to total lifetime benefits received.
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Source: Fool.com
