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Trump's Bill Threatens Social Security; Sanders Proposes Solution

7/28/2025

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Sanders Proposes Retirement Act

A new report warns that President Trump's "One Big Beautiful Bill Act" could threaten Social Security, risking a staggering 24% benefit cut for retirees by 2032, costing couples over $18,000 each year. In response, Senator Bernie Sanders has proposed the Pensions for All Act to combat the looming retirement crisis.

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AARP Surveys Social Security

AARP's latest survey reveals a troubling trend: confidence in Social Security has plummeted from 43% in 2020 to just 36% in 2025. Younger adults are especially doubtful, with only 25% believing in its reliability. As retirees increasingly depend on Social Security—65% in 2025—fears about its long-term viability grow ever more pressing.

Center

Policymakers Urged for Social Security

A stark warning emerges: without immediate funding solutions, Social Security benefits could plummet by 24% by 2032, leaving couples retiring in 2033 facing annual losses exceeding $18,000. Proposed remedies like the Medicare & Social Security Fair Share Act and a bipartisan investment fund aim to safeguard these vital benefits. Urgent action from policymakers is crucial.

History

Historical Context

The Social Security Act, signed by President Franklin D. Roosevelt in 1935, aimed to provide financial security during the Great Depression. By 2020, confidence in Social Security was at 43%, but skepticism grew to 36% by 2025. Proposed cuts under the "One Big Beautiful Bill Act" could reduce benefits by 24% by 2032, prompting Senator Bernie Sanders to advocate for the Pensions for All Act.

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Sanders Proposes Retirement Act

A new report warns that President Trump's "One Big Beautiful Bill Act" could threaten Social Security, risking a staggering 24% benefit cut for retirees by 2032, costing couples over $18,000 each year. In response, Senator Bernie Sanders has proposed the Pensions for All Act to combat the looming retirement crisis.

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