Social Security Benefits Will Be Cut 50% for Some Retirees in Late July. Here's What You Need to Know.

President Trump quickly created the Department of Government Efficiency (DOGE) at the start of his second term to bring accountability and transparency to federal spending. The Social Security Administration (SSA) has been working with DOGE to effect changes that streamline workflows and reduce costs.One change is a more aggressive approach to recovering overpayments, and that particular initiative means some retired workers will receive smaller Social Security benefits starting in late July. Here are the important details.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool