The US president celebrated the 90th anniversary of Social Security, reaffirming his commitment to defend the programme. Criticism persists regarding the administration's potential weakening of it through other priorities. Social Security, funded by payroll taxes, serves crucial financial support to the elderly and disabled. Despite its popularity—79% believe cuts should not occur—significant challenges loom. A report highlights that costs exceed income, with trust funds possibly depleting by 2033 unless corrective measures are implemented to ensure long-term sustainability.
"I recommit to always defending Social Security, the proclamation reads. To this day, Social Security is rooted in a simple promise: those who gave their careers to building our Nation will always have the support, stability, and relief they deserve."
"The programme is considered widely popular: In 2024, the Pew Research Center found that 79 percent of Americans believe Social Security should not be cut in any way. Additionally, four out of 10 people surveyed sided with the view that Social Security should be expanded to include more people and more benefits."
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