Major Social Security changes under President Trump include raising the retirement age, taxing more income, and reshaping benefits. Here's what it means for Americans.

Concerns that job cuts and policy changes could threaten their benefits seem to be prompting a wave of people to sign up now even though waiting can be lucrative.

Trump reversed former President Joe Biden's overpayment and recovery rules by implementing a 50% clawback rate on a person's monthly benefit until the overpayment is recovered in full. The president nominated Frank Bisignano to become the new SSA commissioner.

During his campaign, Trump promised to eliminate taxes on Social Security benefits for seniors. However, the current Republican fiscal proposal tells a different story, offering a modest $4,000 tax deduction instead.

The House passed a sweeping piece of legislation that will eliminate tax on tips. More Americans oppose it and disapprove of Trump's job performance.

President Donald Trump and his administration have been busy changing many things over the past few months. One of the most recent new developments was unveiled on Monday, May 12 -- a big tax bill introduced by Republican members of the House of Representatives.

Data from the National Consumer Law Center revealed American citizens aged 60 and older hold approximately $125 billion in student loans, a major increase from 20 years ago.