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Will Trump Privatize Social Security?

UNITED STATES, AUG 04 – The new savings accounts for newborns aim to shift Social Security toward privatization, affecting nearly 70 million beneficiaries dependent on traditional benefits, officials said.

Summary by The Week
There were many reasons George W. Bush's presidency cratered in his second term, but one notable turning point was his administration's failed attempt to privatize Social Security. Voter backlash was fierce. Two decades later, President Donald Trump may be eyeing a new attempt.A new federal program that gives newborns a $1,000 savings account could be a "back door for privatizing Social Security," said Treasury Secretary Scott Bessent last week.…

3 Articles

Common DreamsCommon Dreams
Left

Trump’s Continuing War on Social Security

The Trump administration's war on Social Security continues, making it harder for beneficiaries to access their benefits. Take action now.

·United States
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The WeekThe Week
Lean Left

Will Trump privatize Social Security?

There were many reasons George W. Bush's presidency cratered in his second term, but one notable turning point was his administration's failed attempt to privatize Social Security. Voter backlash was fierce. Two decades later, President Donald Trump may be eyeing a new attempt.A new federal program that gives newborns a $1,000 savings account could be a "back door for privatizing Social Security," said Treasury Secretary Scott Bessent last week.…

·Washington, United States
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World Socialist Web SiteWorld Socialist Web Site
Far Left

Trump targets Social Security for privatization

The statement, made to a conference sponsored by the fascist Breitbart News, gives a glimpse of the savage attacks that the financial oligarchy plans against the working class.

·United States
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World Socialist Web Site broke the news in United States on Monday, August 4, 2025.
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