Trump implemented tariffs on 180+ countries, Social Security now has stricter benefit recovery procedures.

From Nasdaq: 2025-04-20 07:04:00

President Donald Trump has implemented new tariffs affecting over 180 countries, while Social Security recipients face changes in benefit recovery rates. Social Security overpayment recovery rates have reverted to 100%, allowing the agency to withhold full payments to recover overpayments. Additionally, stricter identity verification procedures have been enacted by the Social Security Administration, requiring a valid government-issued ID for benefit changes. It is advised to create an online account or visit a local office for updates. Social Security recipients should stay informed as potential office closures could impact services. Lastly, maximizing Social Security benefits could result in an additional $22,924 annually.



Read more at Nasdaq: Tariffs Aren’t the Only Thing Changing Under President Trump. Here Are 2 Social Security Changes to Know as Well