Understanding Trump's Executive Orders on Social Security

What is one of the proposed changes to Social Security mentioned in Trump's executive orders?

• Eliminating Social Security benefits

• Raising the retirement age

• Cutting taxes on overtime pay

• Increasing payroll taxes

How is Social Security primarily funded?

• Income taxes

• Sales taxes

• Payroll taxes

• Corporate taxes

What could be a consequence of eliminating payroll taxes?

• Increased Social Security benefits

• Higher retirement age

• More funding for Medicare

• Depletion of the Social Security trust fund

How do undocumented workers impact Social Security?

• They contribute billions through payroll taxes

• They receive benefits without contributing

• They have no impact on the system

• They reduce the trust fund by $20 billion annually

What is a suggested action for younger workers in light of potential changes to Social Security?

• Increase spending

• Ignore the changes

• Start planning for retirement through 401ks and IRAs

• Rely solely on Social Security