{
  "id": 16315884,
  "title": "President Donald Trump Pledged Not to Touch Social Security, but He's Indirectly Dug a $169 Billion Hole for America's Top Retirement Program",
  "url": "https://urgent.news/2026/10/24/president-donald-trump-pledged-not-to-touch-social-security-but-hes",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-24T10:36:02.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/retirement/2026/10/24/donald-trump-pledged-not-to-touch-social-security-but-he-indirectly-dug-169-billion-hole/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "President Donald Trump pledged not to alter Social Security, yet his flagship legislation, the Big, Beautiful Bill (BBB), has indirectly created a $169 billion deficit for America's leading retirement program. For the majority of Social Security's 55 million retired-worker beneficiaries, the program's monthly payout is crucial to their financial stability. Gallup's 25-year survey reveals that up to 90% of retirees rely on Social Security income to make ends meet. Despite not facing bankruptcy or benefit halts, Social Security's structural deficiencies could lead to sweeping benefit cuts within six years. The 2026 Trustees Report warns that the Old-Age and Survivors Insurance trust fund (OASI), which pays monthly benefits to retirees and survivors, will exhaust its asset reserves by the fourth quarter of 2032. This exhaustion, along with the need for 22% benefit cuts, directly impacts millions of retirees. While Trump hasn't proposed direct changes, the BBB, signed into law in July 2025, has exacerbated Social Security's financial challenges. The legislation includes temporary tax breaks, which, according to the Office of the Actuary, will increase costs for Social Security's trust funds by $168.6 billion from 2025 through 2034. This deficit, primarily due to reduced payroll tax income from the tax breaks, pushes the OASI's projected asset reserve exhaustion date forward to the fourth quarter of 2032, one quarter later than initially reported. While the long-term unfunded obligation of $29.3 trillion stems from demographic shifts, Trump's BBB is exacerbating the issue, indirectly digging a $169 billion hole for Social Security.",
  "summary": "Donald Trump indirectly broke his Social Security promise -- and there are steep consequences.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "President Donald Trump Pledged Not to Touch Social Security, but He's Indirectly Dug a $169 Billion Hole for America's Top Retirement Program",
        "url": "https://urgent.news/2026/10/24/president-donald-trump-pledged-not-to-touch-social-security-but-hes-16316602",
        "published": "2026-10-24T10:56:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}