You are currently viewing What’s Happening to Social Security Under Trump? Here’s What Retirees Need to Know.

President Trump has vowed that he wouldn’t cut Social Security benefits, but his administration’s actions, led by Elon Musk’s Department of Government Efficiency, have upended the agency, leaving many beneficiaries concerned that the popular program and their payments may be imperiled.

Several players from the private equity world are now embedded inside the Social Security Administration, which is embarking on deep jobs cuts and other policy changes. At the same time, top Trump administration officials continue to perpetuate falsehoods about widespread fraud, even after the allegations are quickly debunked.

These rapid-fire changes have unfolded ahead of the arrival of the incoming commissioner, Frank Bisignano, whose nomination was advanced by the Senate Finance Committee but awaits a full vote by the chamber.

Many beneficiaries have questions. Here’s what we know.

Are my benefits at risk?

Only Congress can make changes to the program’s benefits, which are sent to 73 million people each month. But hollowing out

Keep reading this article on The New York Times Your Money.

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