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Outgoing President Seeks Higher Social Security Rate
AP reports Lyndon Johnson pushes broader Social Security and Medicare. About 24 million receive Social Security and 20 million elderly are eligible for Medicare as the president argues for greater financial security for aging Americans amid rising urbanization and family mobility. Private pensions now pay about 5 billion annually to 4 million retirees. The rising share of national spending prompts debate over federal versus private plans as nations vary in social expenditure.
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