The phrase “entitlement” often refers to Social Security and Medicare, but critics argue that’s the wrong way to describe it.
U.S. presidential candidates get asked many questions about the country’s state of affairs — one of which is what they will do about “entitlement programs.”
But the term has evolved — now it’s about politics, especially as the two major parties disagree about how to reform Social Security, and little progress has been made toward doing so. President Trump made a comment earlier this year that these programs could potentially be trimmed. When asked during an interview with CNBC whether entitlements would “ever be on his plate,” the president said “at the right time, we will take a look at that.
Social Security is a sensitive subject among many, especially considering the number of retirees who rely on those checks for much, if not most, of their income in old age. The program makes up the majority of retirement income for 61% of elderly beneficiaries, and a third of them rely on the program for 90% or more, according to the Center on Budget and Policy Priorities, a progressive think tank based in Washington, D.C.
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