Alert
Close

Watch the NASCAR race on Sunday at Martinsville Speedway. Join the Drive to End Hunger!

Highlights

Close

 

FREE FUN!

AARP Games - Play Now!

Contests and
Sweeps

$10,000 Winter Escapes Sweepstakes

Beat the cold and cozy up to a chance of winning $10,000! See official rules.

AARP Auto Buying Program

MOST POPULAR

Viewed

Speak Up for Social Security, Medicare

You've Earned a Say sessions update attendees on the two programs and gather suggestions

Margaret Aldrich speaks about living on social security

You’ve Earned a Say sessions give people like Margaret Aldrich, of Bloomington, a chance to weigh in on the future of Social Security and Medicare. — Photo by Jenn Ackerman

Joyce Bell relies on Social Security for two-thirds of her income. Even with a small pension, money is tight. "If I didn't have my house paid for, I wouldn't be able to live. Period," she said.

Bell, 85, of Bloomington, was one of about 20 people who expressed their anxieties about the future of Medicare and Social Security at an AARP Minnesota community forum called You've Earned a Say.

See also: The pros and cons of the Medicare options.

You've Earned a Say sessions update attendees on the two programs and gather suggestions for safeguarding them.

Nine of 10 Minnesotans 65 and older collect Social Security. Nearly 30 percent of recipients rely almost solely on Social Security for their income; 60 percent say it provides half their income. Nearly 792,000 Minnesotans — 15 percent of the total population — are covered by Medicare.

Programs face challenges

Both programs face long-term financial challenges driven by greater longevity and by the size of the retiring boomer generation.

Social Security can pay full benefits through 2033. After that, about 75 percent of scheduled benefits can be paid unless something is changed. Medicare, affected by rising health care costs, will run short of money to pay hospital costs within 12 years.

Next: Worried about future generations? »

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

RELATED VIDEO

AARP is bringing the debate about Medicare and Social Security out from behind closed doors in Washington.

Tell Us WhatYou Think

Please leave your comment below.

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Downloadable mobile app from AARP® Roadside Assistance from Allstate.

AARP Credit card from Chase

Members can earn 3% cash back on purchases with the AARP® Credit Card from Chase.

Member Benefits

Join or renew today! Members receive exclusive member benefits & affect social change.

Rewards for Good

Your Points Balance:

Learn More

Earn points for completing free online activities designed to enrich your life.

Find more ways to earn points

Redeem your points to save on merchandise, travel, and more.

Find more ways to redeem points