Donald Trump on Social Security: Everything You Need to Know
In case you haven't heard, America's most important social program, Social Security, is in a bit of trouble. A number of ongoing demographic changes have Social Security on track to completely exhaust its $2.9 trillion in asset reserves (i.e., net-cash surpluses built up since inception) by 2035. Should this happen, Social Security wouldn't be bankrupt, but it would mean sweeping benefit cuts to then-current and future retired workers of up to 23%.
Social Security needs a fix, and it's lawmakers on Capitol Hill who will have to deliver that resolution. That's why it's more important now than ever to know where the leading 2020 presidential candidates stand on Social Security. Today, we'll take a closer look at incumbent Republican Donald Trump's viewpoints on Social Security.
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Source Fool.com
