01.02.2025 09:44:00

Prediction: President Donald Trump Is Going to Break His Social Security Promise -- and It's Absolutely the Right Decision

There isn't a social program in this country that's more important to the financial well-being of Americans than Social Security. In 2023, it singlehandedly pulled 22 million people above the federal poverty line, including 16.3 million adults aged 65 and above.More importantly, it's a program an overwhelming percentage of retirees count on to make ends meet. Spanning 23 years of annual surveys by Gallup, 80% to 90% of retirees have consistently responded that Social Security accounts for a "major" or "minor" income source.Unfortunately, this prized 90-year-old program isn't on the best financial footing. Strengthening Social Security will require action from our elected officials, which includes President Donald Trump.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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