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President Donald Trump Will Break His Social Security Promise and Propose Cuts – Just You May Not Think

The average monthly social security check for retired workers was $1,975.34 at the beginning of 2025. While this may not sound like a lot, what you may realize is that their Social Security income is their financial basis.

Over the past 23 years, national pollster Gallup has surveyed retirees to determine the importance of social security income to their financial well-being. In each poll, 80 to 90% of respondents pointed out that it is necessary to pay their fees in certain identities.

While supporting and strengthening the leading retirement plan in the United States should be a priority for our elected officials, the financial situation of Social Security has deteriorated for four decades. Reforms need to be made to improve the financial position of the program – which could include President Donald Trump’s breach of campaign commitments and proposing cuts to social security.

President Donald Trump delivered a speech. Image source: Official White House photo by the National Archives Shealah Craighead.

Before digging into the details of what might happen, it is important to understand why the financial foundation of Social Security collapsed.

Since the first Social Security Check was mailed in 1940, the Social Security Commission has released an annual report outlining the financial status of the program. It details where every dollar of income comes from and what traces of those dollars ultimately come from.

What is even more interesting is the trustee’s long-term (75-year) predictions about the solvency of the Social Security Trust Fund. Although the plan cannot go bankrupt or is insolvent in the way it is currently set, existing spending schedules, including cost-of-living adjustments (COLAS) may be unsustainable.

Since 1985, each year, trustee reports have warned of long-term financial obligations. In short, over the 75 years after the report is issued, the estimated expenditure (benefits and to a lesser extent administrative expenses) will exceed the income from the income. The 2024 Trustee Report brings the long-term shortage to just $23.2 trillion.

A more direct concern is predicting asset reserves for the Older and Survivor Insurance Trust (OASI) by 2033. If this excess cash is to be exhausted, the excess cash is exhausted, and the benefits can be cut by up to 21%, waiting for reservation. Workers and survivor beneficiaries.

The culprit of this financial vortex is the huge loss of social security, the ongoing convergence of demographic changes such as income inequality, low birth rates in the historic U.S. and a sharp decline in legal net immigration since 1998.

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