President Donald Trump Is Saving Social Security Hundreds of Millions of Dollars per Year. But Is It Enough to Prevent Benefit Cuts?

President Donald Trump promised seniors he would protect Social Security during his campaign in 2024. And since taking office in January, he's set to work authorizing the Department of Government Efficiency (DOGE) to cut what it deems as unnecessary administrative expenses and work on reducing fraud. Cuts in staffing, building leases, IT contracts, and other overhead expenses are expected to save $800 million per year.Social Security is on the path to benefits cuts across the board for every household receiving a monthly check. So, every penny counts when it comes to protecting Social Security. The Trump administration will have you believe these cuts are necessary to reduce the deficit and improve the health of the program.The truth is, it's not enough -- not by a long shot.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool