Entitlement crisis: Social Security and Medicare under pressure

Social Security insolvency by 2032 with 24% benefit cut (CRFB state-level mapping, $500/month average reduction). SSA report confirms 24% cut. PROMISE Act fast-track mechanism introduced. COLA 2027 forecast at 3.8%. Medicare trust fund depletion projected for 2028; Medicare currently 10% of federal budget, growing to 18% by 2032. Trump admin's Medicare Part D subsidy cuts backfired: CBO miscalculated from $129B savings to $700B deficit increase. Demographic decline (falling birthrates, aging population) compounds fiscal pressure, challenging growth assumptions. AARP mobilizing 2M emails against cuts. New personal finance angle: claiming decisions can compound trust fund damage, connecting macro risk to individual planning.