The article discusses the financial precariousness of Social Security, which depends on a dwindling trust fund to meet obligations as more retirees begin to collect benefits. The looming risk is a potential benefit cut of over 20% when trust funds are exhausted. Despite pressure for reform, President Trump has kept his promise not to cut Social Security or change the full retirement age, and instead seeks to eliminate taxes on benefits, prioritizing the financial stability of seniors relying on the program.
Social Security is facing financial challenges as it may owe more in benefits than it collects in revenue, risking cuts of over 20% if trust funds deplete.
President Trump has pledged not to cut Social Security or alter its full retirement age and so far has upheld this commitment amidst rising pressure.
Collection
[
|
...
]