Social Security Will Change Forever on Sept. 30, Courtesy of President Donald Trump

Since the first benefit check was mailed in January 1940, Social Security has been providing a financial foundation for the American public. Though it was initially conceived as a program that would financially support aging workers who could no longer provide for themselves, it's expanded to include workers with disabilities, as well as survivors of deceased workers. In July, nearly 70 million people received a traditional Social Security payout.But Social Security isn't static. Although the Social Security Act requires 60 votes in the upper house of Congress to effect major changes, various adjustments are made to the program by the Social Security Administration (SSA) on a near-annual basis.Following Donald Trump's inauguration for his second nonconsecutive term a little over seven months ago, a flurry of changes to the Social Security program were announced. While some Social Security adjustments ebb and flow depending on the political party controlling the White House, one of these shifts is set to change Social Security forever come Sept. 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool