An advocacy group claims seniors are worried their children and grandchildren will suffer because of America's financial crisis.
Andy Mangione, director of business development of the Association of Mature American Citizens (AMAC), said members want to know now how the presidential candidates would address this issue.
The Federal Reserve reports that American families have lost nearly 40 percent of their net worth over the past four years. Mangione notes that each day more families fall into poverty and become dependent on food stamps and other government assistance programs.
"The United States is $16 trillion in debt," he tells OneNewsNow. "There are over 313 million people in the United States, and their share of that debt is over $51,000. This debt has to be paid for and is going to be paid for by our children, grandchildren and children that have not even been born yet. And our members are concerned about the quality of life that future generations will have because of all this debt."
Older Americans are also concerned about the future of Social Security and Medicare.
"This is what's concerning folks in our organization -- the mismanagement that's threatening the future of these programs for our children and grandchildren," Mangione tells OneNewsNow.
"They need to be fixed, and they need to be addressed right now. In fact, they aren't going to get fixed if the folks in Congress right now are pushing on us a kind of ill-conceived, all-in-one program like ObamaCare."
According to the Congressional Budget Office, if Congress does not address the problem, Medicare is predicted to start running a deficit in 2024. Medicare spending is expected to jump from the $523 billion of 2010 to $932 billion by 2020.