For most current and future retirees, Social Security income isn't a luxury or optional. It's a source of income that most will rely on to cover their expenses as they age. In each of the previous 23 years,

The Social Security Administration announced Friday it's cutting 7,000 jobs, as Trump and Musk have claimed there's fraud at the agency.

Key Points President Trump has pledged not to cut Social Security. He’s also looking to help seniors keep more of their benefits. Trump will have to intervene to prevent Social Security from broadly reducing benefits.