President Donald Trump's One, Big, Beautiful Bill Is Missing His "No Tax on Social Security" Promise -- and There's Likely a Good Reason Why

In April, more than 52 million retired-worker beneficiaries brought home an average Social Security check totaling just shy of $2,000. Though this is a relatively modest monthly payout, a majority of retirees need it, in some capacity, to cover their expenses.For 23 consecutive years, pollster Gallup has been surveying retirees to determine how much they rely on their Social Security income. Consistently between 80% and 90% of respondents told Gallup that it was a "major" or "minor" income source. In other words, up to 9 out of 10 retirees would potentially be challenged to make ends meet if Social Security didn't exist.For the program's tens of millions of beneficiaries, nothing is more important than knowing how much they'll receive each month and seeing this payout increase over time via cost-of-living adjustments (COLAs) to keep pace with inflation.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool