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Friday
May132011

Stocks Down Amid Worries about Social Security and Medicare

Comstock/Thinkstock(NEW YORK) -- Concerns over Social Security and Medicare helped push the markets down to end the week.

The Dow lost 100 points, the Nasdaq gave up 35 and the S&P closed down 11 points.

Financial planners say if you're not saving for your retirement, now is the time to begin.  The latest government checkup shows Social Security will run out of money by 2036, a year ahead of schedule. Medicare could go broke by 2024, five years earlier than expected.

Copyright 2011 ABC News Radio

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