From Nasdaq, Inc.: 2025-06-01 03:44:00

For the last 85 years, Social Security has been crucial for America’s aging workforce, with 80-90% of retirees relying on it for financial health. But policy changes under President Trump may reduce checks for some beneficiaries, including retired workers. Additionally, the Trump administration is targeting delinquent federal student loan borrowers, with up to 15% of Social Security payouts being garnished for those in default. This affects over 2 million people, including those aged 60 and above. Another policy shift involves benefit clawbacks, potentially impacting 1.5 million Social Security recipients. This new 50% recovery guideline could strain those reliant on Social Security income.



Read more at Nasdaq, Inc.: President Donald Trump’s Policy Is Set to Impact the Social Security Checks of Roughly 2,000,000 Beneficiaries — Are You One of Them?