8 Words From President-Elect Donald Trump That Can Change Social Security Forever

In November, close to 52 million retired-worker beneficiaries took home an average Social Security check of $1,925.46. While this isn't a boatload of money, it's proved to be a vital source of income for our nation's aging workforce.In each of the last 23 years, national pollster Gallup has completed a survey that questions how reliant retirees are on the money they receive from America's leading social program. Since 2002, 80% to 90% of respondents -- including 88% in April 2024 -- have noted that Social Security is a "major" or "minor" income source. Put another way, close to 9 out of 10 seniors could struggle to make ends meet if Social Security didn't exist.But in spite of the undeniably important role Social Security plays in shoring up the financial foundations of tens of millions of retirees, this relied-upon program is faltering.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool