Will President Trump Cause Social Security to Run Out of Money Sooner Than Expected? 4 Things to Know.
Some things are worth worrying about, but others aren't. Recent comments made by Elon Musk, Tesla CEO, tech billionaire, and Trump administration advisor, saying that Social Security is "the biggest Ponzi scheme of all time" is an example of the latter category. However, the possibility that President Trump's policies will negatively impact Social Security could fall into the former category. Social Security's trust funds are currently on track to be depleted by 2034. But will President Trump cause the popular federal program to run out of money sooner than expected? Here are four things to know.Image source: Getty Images.Continue reading
Some things are worth worrying about, but others aren't. Recent comments made by Elon Musk, Tesla CEO, tech billionaire, and Trump administration advisor, saying that Social Security is "the biggest Ponzi scheme of all time" is an example of the latter category. However, the possibility that President Trump's policies will negatively impact Social Security could fall into the former category.
Social Security's trust funds are currently on track to be depleted by 2034. But will President Trump cause the popular federal program to run out of money sooner than expected? Here are four things to know.
Image source: Getty Images.
