The US debt crisis is expected to worsen:


Federal spending on programs for the elderly has reached a record 9.4% of GDP.
This figure has increased by 56% compared to the 6.0% recorded in the late 1980s, according to the CBO.
It is also projected to rise to a record 11.3% of GDP over the next 10 years due to rising healthcare costs, an aging population, and increasing life expectancy.
The average life expectancy at age 65 hit a record 19.7 years in 2024, meaning retirees are receiving benefits longer than ever before.
Combined with interest payments, programs for the elderly are now the main cause of the federal budget deficit.
As a result, by 2032, the Social Security system will no longer be able to fully pay out benefits without reform.
The costs of an aging America are becoming unsustainable.
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