Prediction: President Donald Trump Will Break His Social Security Promise and Propose Cuts -- Just Not in the Way You Might Think

When 2025 began, the average monthly Social Security check for retired workers was $1,975.34. Though this might not sound like a lot, more retirees than you might realize count on their Social Security income as their financial foundation.In each of the previous 23 years, national pollster Gallup has surveyed retirees to determine how important Social Security income is to their financial well-being. In every poll, 80% to 90% of respondents noted it was necessary, in some capacity, to help cover their expenses.Although supporting and strengthening America's leading retirement program should be a priority for our elected officials, the financial health of Social Security has been deteriorating for four decades. Reforms need to be enacted to improve the program's financial health -- and that may include President Donald Trump breaking his campaign promise and proposing cuts to Social Security.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool