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At 72, Alexander P. is watching all of them.
The widowed grandfather of three is concerned about what could come when Trump becomes president for a second time.
Loss of Income
My kids think Im obsessed with all this Social Security talk, Alexander said.
But when youre living on a fixed income, every proposed change feels ultra, ultra scary.
Alexander pointed out that Trumps proposed policies could create a $2.3 trillion shortfall in Social Security funding.
For Alexander, this is about much more than politics.
As reported byCNN, between 2010 and 2024, Social Security benefits rose by 58%.
However, over the same time period, the costs of goods and services rose by 73%.
And a Trump presidency could have an impact on cost-of-living adjustments in the future.
According toThe Motley Fool, Trumps proposed tariffs could lead to higher costs and inflation.
That could increase the cost-of-living adjustments for Social Security.
Thats not a choice anyone should have to make after working their whole life, he said.
Hes started a small vegetable garden to help with grocery costs and is planning on selling his car.
Most people arent looking for handouts, he said.
We just want to keep the benefits we spent our whole lives earning.
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