A series of moves, including staff cuts and policy changes, could burden many Social Security applicants and beneficiaries and even threaten the stability of the system.
The article from MSN discusses potential changes to Social Security under a hypothetical second term of Donald Trump, highlighting five warning signs for beneficiaries. It points out that Trump has previously suggested cuts to Social Security, including raising the retirement age and reducing benefits, which could significantly impact future retirees. The article mentions Trump's past proposals like privatizing Social Security, which could introduce market risks into what is currently a guaranteed benefit. Additionally, there's concern over Trump's tax policies favoring the wealthy, potentially leading to less funding for Social Security. The piece also notes the lack of a clear plan from Trump on how to address the program's long-term solvency, which could result in abrupt changes or benefit cuts if not addressed. Lastly, it warns of the political environment where bipartisan solutions might be harder to achieve, potentially leading to inaction or detrimental policy changes for Social Security.
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