Tom BurtonCo-Founder, COO and CTO of LeadSmart Technologies

The major tipping point our economy is facing #HealthcareSpending

Name: The major tipping point our economy is facing #HealthcareSpending
Uploaded: 2025-07-07T15:44:52+00:00
Duration: 56 s
Channel: Tom Burton
Description: YouTube video (Tom Burton, uploaded July 7, 2025) arguing the U.S. faces a major economic tipping point around 2030 driven by demographic shifts (aging…

7 Jul 2025 · 1 min

Watch on YouTube

0:56

YouTube video (Tom Burton, uploaded July 7, 2025) arguing the U.S. faces a major economic tipping point around 2030 driven by demographic shifts (aging baby boomers) and rising entitlement and interest costs. Key claims: very high concentration of lifetime healthcare spending in final years of life (speaker: “90% of your lifetime health care costs come within the last 10 years of your life”), and a CBO-based projection that combined spending on health care, Social Security, and interest rose from 57% of federal spending in 2018 to an estimated 70% by 2030. The speaker frames 2030 as the year these pressures align and strain public finances amid higher interest rates and growing national debt.

Questions this video answers

July 7, 2025

90%

57% (2018)

70% (projected by 2030, cited to the Congressional Budget Office)

Chapters

And it does. The the bubble bursts so to say in 2030 for us because that's where you get the alignment of the demographic concerns at their greatest when what I mean by that is that is 2030 is the time where the baby boomers will be drawing down on health care or increasing health care costs. What many people in this country don't know is 90% of your lifetime health care costs come within the last 10 years of your life. It's really expensive to die in the United so 2030 is when those things come to a head not to mention like we're talking about higher interest rates continue to create this situation where the national debt continues to climb. So I saw a statistic Congressional Budget Office put this out. You might both appreciate this. In 2018, 57% of all of our spending in the US was just health care, Social Security and interest payments on the debt. By 2030, that number jumps to 70% based on some of their projections.