Ramsey raises concerns about the long-term viability of Social Security, warning that its trust funds are projected to fully support benefit payments only through 2034. Without action from lawmakers, future recipients may see their monthly benefits drop to about 77% of what they currently expect.

Treasury Secretary Scott Bessent hailed the president’s new investment accounts as a “backdoor for privatizing Social Security.” The Republicans’ “Big Beautiful” budget bill created Trump accounts—a new type of tax-deferred investment account that allows parents to contribute up to $5,