Social Security in trouble due to Trump's actions, facing depleted trust funds and benefit reductions.

From Nasdaq: 2025-03-30 04:45:00

U.S. Rep Richard Neal warns that Social Security is in trouble due to actions by Trump and Elon Musk. Trump is cutting staff at Social Security, with plans to eliminate 7,000 positions and consolidate regional offices. DOGE is cleaning up the program’s database, marking over 7 million as deceased. Social Security will no longer allow phone applications, causing concern for seniors and disabled individuals. The White House denies benefit cuts but acknowledges waste and fraud. Policies may deplete Social Security Trust Funds by 2035, potentially reducing benefits by 23%.



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