Social Security
What is the biggest expense of the national government?
Social Security
This part of the U.S. government is responsible for managing the military and its spending.
Department of Defense
This federal health program provides insurance mainly for Americans who are aged 65 and older.
Medicare
What is mandatory spending?
spending that is required by law
When was the Social Security Act signed?
1935
About what % of the government's budget is national defense?
13%
The largest category of federal mandatory spending, totaling over $1 trillion annually
Health care
spending that Congress decides on each year through the budget process
How much did the United States spend on Social Security in 2023?
$1.35 trillion
Most of the U.S. defense budget goes towards paying what people?
Soldiers
The U.S. government helps fund health care to improve ____ for all Americans.
Public health
What type of spending is social security?
Mandatory
What is the eligibility age to receive Social Security retirement benefits?
62 years old
The U.S. sometimes gives money or weapons to other countries to help them defend themselves.
Military Aid
How many types of Medicare are there?
4
Defense falls under which type of spending
Discretionary Spending
In 2023, how much did the government spend on retirement benefits?
$1.15 trillion
What branch of the military does the U.S. government spend the most money on?
Air Force
How many Americans does Medicare cover?
(Hint: between 50-100 million)
67 million
Which type of spending made up about two-thirds of the federal budget in recent years?
Mandatory spending