President Trump pledged to protect Social Security benefits and proposed eliminating fraud, resonating with senior voters, yet the program faces a serious funding crisis with deficits projected to reach $3 trillion over the next decade. Despite Trump’s efforts to reduce administrative expenses and strengthen identity proofing at the Social Security Administration, the savings achieved are insufficient to address the funding shortfall, potentially leading to benefit cuts in 2035.
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Social Security: The 1 Thing Every Worker Today Needs to Know
Social Security is a vital income source for millions of retired Americans, though many in the workforce may not fully grasp its significance until they prepare to claim benefits. Amid ongoing concerns about its future sustainability, awareness of Social Security's role in providing financial support remains crucial for both current and future retirees. Want More Context? 🔎
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