This Social Security Change Made by President Trump Could Negatively Impact Retirees in 2026

President Donald Trump has repeatedly promised to protect Social Security benefits, but he has also vowed to rid the retirement program of fraud, waste, and abuse. "I'm not going to touch Social Security, Medicare, Medicaid. Now, we're going to get fraud out of there," he told Fox News earlier this year.The president has already broken one of those promises. The One Big Beautiful Bill Act signed into law in July will cut Medicaid spending 14% in the next decade and leave 10 million Americans without health insurance, per nonprofit research organization KFF. But Trump has generally stayed true to his word where Social Security is concerned.The Social Security Administration (SSA) has worked with the Department of Government Efficiency (DOGE) to identify over $1 billion in cost savings. The SSA has also improved customer service by reducing field office and phone wait times, upgrading its online portal, and adding new antifraud capabilities. The agency will also cut costs by switching exclusively to electronic benefit payments in September.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool