Donald Trump's Social Security Proposal Has a Fatal Flaw
For more than 80 years, Social Security has been laying a financial foundation for our nation's aging workforce. According to data from the Center on Budget and Policy Priorities, the guaranteed payments provided by Social Security pulled 22.7 million people above the federal poverty line in 2022, 16.5 million of which were aged 65 and over.
Considering how important Social Security is to the financial well-being of so many retired workers, workers with disabilities, and survivors of deceased workers, you'd think maintaining the health of the program would be high on the list for lawmakers. However, the latest annual "checkup" for Social Security revealed that this critical program is in big trouble.
Strengthening Social Security begins in Washington, D.C. With the election less than eight months away, former president and presumptive Republican presidential nominee Donald Trump may, once again, be tasked with ensuring the financial health of America's top retirement program.
Source Fool.com
