President Donald Trump's Policy Is Set to Impact the Social Security Checks of Roughly 2,000,000 Beneficiaries -- Are You One of Them?
Modest to meaningful Social Security payout reductions are on the way for approximately 2 million retired workers, survivor beneficiaries, and workers with disabilities.
For the last 85 years, Social Security has stood as a financial pillar for America's aging workforce. Since 2002, national pollster Gallup has been surveying retirees to gauge how important their Social Security income is to their financial health. Consistently, between 80% and 90% of all respondents note the reliance on this all-important payout to cover at least some portion of their expenses.
For the program's more than 69 million beneficiaries -- 52.6 million of which are retired workers -- nothing is more important than sustaining this payout and steadily increasing it through annual cost-of-living adjustments (COLAs) over time.
But for approximately 2,000,000 beneficiaries, their Social Security income is anything but guaranteed at the moment.
