Analysis Warns Trump’s Policies Could Accelerate Social Security Insolvency
TL;DR Summary
A new analysis indicates that President Trump's recent tax and spending law, dubbed 'One Big, Beautiful Bill,' will accelerate the timeline for potential Social Security benefit cuts, possibly as soon as 2032, due to reduced income from tax changes and ongoing demographic challenges like aging populations and lower birth rates. The long-term financial health of Social Security remains strained, with projections showing a significant unfunded obligation and the trust fund depleting by 2033, highlighting the need for comprehensive reforms.
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- Social Security Cuts May Be Coming. Do These 3 Things to Get Ready. The Motley Fool
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