Could a Recession Affect Medicare?
Greater than 50%. Those are the odds DoubleLine Capital CEO Jeffrey Gundlach, who some call the "bond king," gives for a U.S. recession within the next few quarters. Gundlach acknowledged in an interview with CNBC that he thinks the probability of a recession is "higher than most people believe." However, Gundlach isn't too much of an outlier. CNBC's recent survey of analysts, fund managers, and strategists revealed a 36% chance of a U.S. recession, up from only 23% in January. Many retirees may think they don't have to worry about a recession. They could believe that federal entitlement programs are protected from an economic downturn. But are they right? Could a recession have an impact on Medicare?Continue reading
Greater than 50%. Those are the odds DoubleLine Capital CEO Jeffrey Gundlach, who some call the "bond king," gives for a U.S. recession within the next few quarters. Gundlach acknowledged in an interview with CNBC that he thinks the probability of a recession is "higher than most people believe."
However, Gundlach isn't too much of an outlier. CNBC's recent survey of analysts, fund managers, and strategists revealed a 36% chance of a U.S. recession, up from only 23% in January.
Many retirees may think they don't have to worry about a recession. They could believe that federal entitlement programs are protected from an economic downturn. But are they right? Could a recession have an impact on Medicare?
