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This could potentially hasten the insolvency of its trust funds, experts told CBS MoneyWatch.
GOBankingRates asked retirees about reasons they are worried for the future of Social Security if Trump wins the election.
Here is what they had to say.
He plans to begin drawing his own benefits in mid-2025.
Raising the retirement age ignores this reality and threatens their basic financial security, Burbank explained.
Smaller cost-of-living increases mean choosing between food, housing or medication for those already struggling.
Reducing Social Security could leave many unable to afford care altogether.
While reducing spending has merit, it should not threaten lifelines for the vulnerable, Burbank said.
Leaders must protect citizens who rely on these programs to survive.
Drastic cuts risk lives and betray the social contract betweencitizens and government.
Currently as a government agency, the rules and regulations for collecting and allocatingSocial Security and Medicareare established.
This allows the new entities to lobby with contributions to our lawmakers.
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