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Or at least they will be relatively soon.
But what effect would a second Donald Trump administration have on the Social Security safety net?
Would it save it, sink it or change it?
We asked Chuck Warren, political economist and host of thePolitics Podcast, forhis predictions.
Privatization
Privatizing Social Security has been a dream for Republicans for more than a decade.
Democratic opposition and other factors have stalled these efforts.
Benefit Reductions
Many argue that if nothing is done, benefit reductions are inevitable.
Solvency issues could lead to these proposals, Warren said.
And that usually means new or higher taxes.
But, said Warren, dont count on this one.
This would be a major deviation from Trumpsprevious tax policiesfocused on cutting taxes, he said.
This results in areduced benefit.
Full retirement benefits can be taken at age 66 to 67, depending on the persons date of birth.
Increased benefits kick in if individuals wait until age 70.
But that could change with a Trump administration, said Warren.
Either way, expect backlash from one group or another.
Bottom Line
If there is one consistency when it comes to Trump, its inconsistency.
However, significant changes would need legislative support and face opposition from both sides of the aisle.
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