The Social Security Old-Age and Survivors Insurance Trust Fund is projected to be depleted by 2033, at which point 77% of scheduled benefits will be payable. The combined Old-Age and Survivors Insurance and Disability Insurance trust funds can cover benefits and administrative costs until 2034, enabling payment of 81% of benefits. The Disability Insurance trust fund remains solvent through at least 2099. These projections incorporate the Social Security Fairness Act, but exclude the potential financial impacts of recent tax proposals, tariffs, and deportations.
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Trump’s tariffs, initially touted as a bold strategy to protect American industries, have demonstrably resulted in a staggering loss of nearly $2 trillion from the US stock market. This massive figure dwarfs even the entire market capitalization of Bitcoin, highlighting the sheer scale of the economic fallout. The initial shockwaves sent the market plummeting by 1500 points in just a few hours, a dramatic display of the tariffs’ immediate impact.
The long-term consequences are equally alarming. Many Americans, particularly those nearing retirement, face a drastically altered financial landscape, potentially requiring several more years of work to achieve their financial goals. The unforeseen depth of the economic downturn casts a long shadow over retirement plans, adding years of uncertainty and hardship for millions.… Continue reading
John Q. Hosedrinker 
Matt Underwood