The change is coming much sooner than expected.
During the 2016 Election, Donald Trump promised not to harm Social Security.
In fact, he promised to protect it, ensuring senior citizens that they will not be forgotten.
Now, after two years of the Trump administration, experts are weighing in on Social Security. The results may surprise you.
From USA Today:
Over the past decade, Social Security has been pretty stingy in the COLAs it gives to retirees. But 2019 could be different. Early indications suggest Social Security benefits could go up by a greater amount than retirees and other participants have seen since 2012.
Social Security calculates each year’s COLA by looking at the Consumer Price Index from July through September and comparing it to the previous year’s levels. So far, only the July figure is available, but if that reading were to stay flat in August and September, it would give retirees a 2.7 percent increase come January. If price levels rise this month and the next, then it’s conceivable the COLA could reach 3 percent.
It’s no shock that Social Security languished under President Obama. There’s good reason.
Obama was prioritizing other programs and issues over Social Security. He wasn’t too worried about seniors; Democrats never are.
He cared more about helping those who refused to work, or illegal aliens that sneak across the border.
The many older Americans that worked so hard all their lives? Yeah, they got the shaft.
Not a surprise that once Trump entered office, we are seeing things thaw once again. Social Security is poised to increase in the coming year.
That means more money in the pockets of retired Americans—who often struggle to make ends meet.
But it won’t change the fact that Social Security still requires significant changes—if it’s going to survive another century.
What will the Trump administration do to protect the benefits of Americans today, while ensuring we won’t go bankrupt tomorrow? We’ll have to wait and see.
Source: USA Today