6 Ways Your Social Security Benefit Can Be Garnished -- Including 2 Directly Impacted by the Trump Administration

For most retirees, Social Security is an indispensable income source. Although the average retired-worker benefit is fairly modest, tallying just over $2,000 for the first time in the program's 90-year history as of May, this monthly payout was responsible for pulling 16.3 million adults aged 65 and over above the federal poverty line in 2023.Most beneficiaries would struggle, to some varied degree, to make ends meet if Social Security didn't exist. But for millions of Americans, this foundational monthly payout isn't as guaranteed as you might think.Although Social Security benefits can't be garnished or withheld to satisfy credit card debt, personal loans, or medical bills, there are six ways -- two of which are directly influenced by President Donald Trump's administration -- that your monthly Social Security benefit can be garnished by up to 65%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool