Social Security has a perfect record of giving millions of Americans their monthly benefit checks since the agency was founded in the 1930s. But due to recent actions by Elon Musk's DOGE, the 72.5 million Americans who enjoy Social Security benefits may not see their check in the mailbox on time this year, if at all, former Social Security Administrator Martin O'Malley warned in an interview with CNBC.
"Ultimately, you're going to see the system collapse and an interruption of benefits," he said. "I believe you will see that within the next 30 to 90 days." People should start saving now in anticipation of this, he warned.
