The US debt crisis is set to get even worse:

Federal spending on elderly programs is up to a record 9.4% of GDP.

This is up +56% from the 6.0% level seen in the late 1980s, according to the CBO.

This is also projected to increase to a record 11.3% of GDP over the next 10 years, driven by healthcare inflation, aging demographics, and lengthening life spans.

Life expectancy at age 65 already hit a record of 19.7 years in 2024, meaning retirees are drawing benefits longer than ever before.

Combined with interest payments, elderly programs are now the primary driver of the federal budget deficit.

As a result, by 2032, Social Security will no longer be able to pay full benefits without reform.

The cost of an aging America is becoming unsustainable.
#AriaNaka #TrumpNewTariffs