Social Security Benefit Cuts Are Coming, and President Donald Trump's Popular Proposal Would Speed Things Up
A foundational change to Social Security presented by President Trump would fundamentally weaken the program's financial outlook
In April, nearly 52.6 million retired workers brought home an average Social Security check totaling $1,999.97. While a $2,000 monthly check might not sound like a lot of money, no social program has consistently played a more vital role in pulling seniors above the federal poverty line and helping them make ends meet than Social Security.
There's just one problem: This nearly 90-year-old program's financial foundation is crumbling.
Current and future retirees are counting on their elected officials -- including President Donald Trump -- to strengthen Social Security and avoid the prospect of sweeping benefit cuts, which are drawing closer. However, not every proposal to improve Social Security will yield a desired result.
