Former President Donald Trump’s policies would meaningfully hasten the demise of Social Security’s trust fund, according to a new report.
Properly funding Social Security has long been a political football tossed around during campaigns. However, now that the U.S. faces a rapidly aging population, a possible funding crisis looms larger, in a way it hadn’t in previous years. A recent report from the Social Security Board of Trustees found that legally mandated cuts in benefits would start by 2034 because the fund that covers the deficit between outlays and revenue would run out of money.
