Are future benefits in peril? [Video]

Social Security is the most successful anti-poverty program in the United States, with over 67 million beneficiaries – and yet it faces a critical funding problem. Experts estimate the program’s trusts will run out of funds around 2035 if no action is taken by Congress. President-elect Donald Trump previously pledged tax cuts for older Americans, posting on Truth Social in July that “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” However, a cut in taxes would mean a cut in revenue to fund the program. Experts say Trump’s tax cut proposal could mean Social Security would be unable to pay its full benefits by 2033 – two years ahead of the current estimate. If lawmakers can’t come up with a solution soon, experts say the impact will be felt by nearly all Americans – no matter which generation.So, how did Social Security get to this point? And how can we …