President Donald Trump Wants to Change Social Security, but It Comes With a Potentially Big Cost to Retirees

When 2025 began, nearly 52 million retired workers were bringing home an average monthly check of $1,975.34 from Social Security. Though this might sound like a modest amount of income, it's often a necessity to help aging Americans make ends meet.For 23 years, national pollster Gallup has conducted an annual survey to gauge the reliance of retirees on their monthly Social Security check. Without fail, all 23 years showed that 80% to 90% of respondents (including 88% in 2024) required their Social Security benefit, in some capacity, to cover their expenses.While maintaining the health of Social Security should be a priority for elected officials, the reality is that the foundation of America's leading retirement program has been weakening for 40 years. Current and future beneficiaries are counting on lawmakers -- including President Donald Trump -- to strengthen the program.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool