There are many social and economic programs in the United States that help most of its citizens with their money because it is a first-world country.
In order to be eligible for Social Security benefits, they must meet certain requirements. In this context, we talk about the three changes that will happen to Social Security benefits in the USA under Donald Trump’s presidency in 2025.
Social Security is an important government program in the United States that helps people with money and social safety. It was started in 1935 by President Franklin D. Roosevelt.
Its main purpose is to pay retired workers, disabled people, and sometimes their surviving family members. The Social Security Administration (SSA) runs this program, which covers about 90% of adults who work in the United States.
What will be the three major changes in Social Security under the Trump administration?
People who are enrolled in the country’s main financial program would see their monthly paychecks changed in three ways under Donald Trump’s administration.
These changes would have an effect on the payments that Social Security recipients in the US receive in 2025.
Because of one of these changes, people who get Supplemental Security Income (SSI) will get their February and March payments on January 31 and February 28, respectively.
These payments, which include a 2.5% cost-of-living adjustment (COLA) increase, may make things hard for some Americans.
Officials from the U.S. Social Security Administration say that this action will have an effect on more than 70 million named beneficiaries next year.
During the time of former President Joe Biden, rules and procedures were put in place so that thousands of people could get benefits. But now that Donald Trump is president, the U.S. government may go through a number of changes.
This economic initiative helps refugees, the elderly, and people with disabilities by giving them cash. Here are the three main benefits of Social Security 2025 for people in the United States.
- Disability benefits (Social Security Disability Insurance program): This effort also helps persons who are unable to work because of a serious handicap. To be eligible, you must meet certain contribution requirements and have your impairment examined and authorized by the Social Security Administration.
- Survivors’ benefits: Family members of deceased workers who paid into the system may be eligible for benefits. This covers widows and widowers, minor children, and, in some situations, the deceased’s dependent parents.
- Retirement payments: these monthly benefits are available to workers who have contributed to the system for at least ten years (40 credits) and achieve retirement age, which ranges from 62 to 67 depending on their birth year. The amount of benefits is determined by the worker’s average wages over his or her working years.
Social Security will also introduce new changes for SSI recipients
The Social Security Administration will make changes to both the Retirement, Survivorship, and Disability Insurance (RSDI) program and the Supplemental Security Income (SSI) program.
SSI is meant to give low-income Americans, disabled people, or children in certain financial situations monthly benefits so they have enough money to cover their daily costs and, in some cases, to help them get out of poverty.
Here is a list of the most important changes to this program:
- A new in-kind support and maintenance (ISM) rule: Unearned income, such as gifts of food, will no longer be included in the calculation of SSI payments, according to the federal agency. This means that millions of recipients may be eligible for increased SSI benefits.
- Public assistance household definition and SNAP benefits. Millions of American homes will benefit from support from other household members, such as Supplemental Nutrition Assistance Program (SNAP) benefits, which can be counted as income and affect monthly payments. Although the new standards only require one additional family member to get aid, all household members will now benefit.
