Javascript is not enabled.

Javascript must be enabled to use this site. Please enable Javascript in your browser and try again.

Skip to content
Content starts here
CLOSE ×
Search
Leaving AARP.org Website

You are now leaving AARP.org and going to a website that is not operated by AARP. A different privacy policy and terms of service will apply.

Entitlements

National Debt Glossary: Key terms for understanding America's financial crisis


Federal programs that guarantee payments to individuals who meet certain criteria set by law. The Social Security Act, for example, guarantees any American age 62 or older benefits according to a formula fixed by law.

Federal entitlement programs — with Social Security, Medicare and Medicaid at the top of the list — account for more than half of all government spending.

See also: Mandatory spending

 

See all terms in the National Debt Glossary

Frequently Asked Questions: National Debt

See all questions about the national debt. >>

Unlock Access to AARP Members Edition

Join AARP to Continue

Already a Member?