US EditionSocial Security under Trump: 5 warning signs to watch
- Since President Donald Trump's second inauguration, federal agencies, including Social Security, have experienced chaotic changes, despite its longstanding status as the untouchable 'third rail' of American politics.
- Amidst a record-setting cohort of Americans reaching retirement age and Social Security being the single biggest line item in the national budget, the Social Security Administration announced on February 28 its aim to reduce its workforce from 57,000 to 50,000, contributing to a 50-year staffing low.
- In December, a policy change requiring appointments for field office visits was implemented, and on March 12, the SSA announced it would no longer process direct deposit changes by phone due to approximately 40% of direct deposit fraud being associated with phone requests.
- On March 18, the SSA announced stronger online identity verification procedures, known as internet ID proofing, which, according to an internal memo from Doris Diaz, could lead to an estimated 75,000-85,000 additional weekly visitors to field offices and increased challenges for vulnerable populations.
- While the Trump Administration pledged not to cut Social Security, Medicare, or Medicaid benefits, proposals such as eliminating income taxes on Social Security, as estimated by the Wharton School, could deplete trust funds sooner, potentially moving the projected depletion date from December 2034 to December 2032 and increasing federal debt.
21 Articles
21 Articles
If Trump breaks Social Security promise, it will be devastating
President Trump has said multiple times that he has no plans to cut Social Security. But MSNBC's senior contributing editor Michele Norris explains in a new opinion piece, how she believes we're seeing something different with the administration's actions.
Pasadena Star News
Social Security under Trump: 5 warning signs to watch
Chaotic change has been upending every federal agency since President Donald Trump’s second inauguration, and Social Security — despite its longstanding status as the untouchable “third rail” of American politics — is no exception. Trump pledged while campaigning that he would not seek to cut benefits to eligible recipients, and the White House reiterated that in a March 11 press release, saying: “The Trump Administration will not cut Social Sec…
The Hard Truth About Trump's Social Security Plan
Key Points President Trump has ideas for improving Social Security. His plan could bring the program closer to insolvency. Without intending to, Trump could end up making benefit cuts more of a near-term possiblity. The right cash back credit card can earn you hundreds, or thousands of dollars a year for free. Our top pick pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply now (Sponsor) There are millions o…
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