President Donald Trump Wants to Give Half of All Social Security Retirees a Raise -- but It Can Backfire

For an overwhelming majority of retirees, Social Security represents more than just a monthly check. It's a financial lifeline that they'd struggle to make do without.

According to the Center on Budget and Policy Priorities, Social Security pulled 22 million people above the federal poverty line in 2023, more than 16.3 million of which were aged 65 and over. Meanwhile, 23 years of annual surveys by Gallup have found that 80% to 90% of retirees rely on their Social Security income, in some capacity, to cover their expenses.

Nothing is more important to America's aging workforce than preserving the financial health of Social Security -- and strengthening the program begins at the top, with President Donald Trump.

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