Social Security Faces Historic Changes as Program Marks 90th Anniversary
Trump administration implements major payment overhaul while beneficiaries brace for modest cost-of-living adjustment amid accelerating trust fund depletion Social Security is undergoing its most significant operational transformation in decades as the program commemorates its 90th anniversary, with sweeping changes to payment methods taking effect this month and mounting fiscal pressures threatening future benefits for millions of Americans. Starting Sept. 30, the Social Security Administration will permanently eliminate paper benefit checks for the roughly 500,000 recipients still receiving them, marking the end of an era that began with the first Social Security check mailed in January 1940. The change, mandated by President Trump's executive order "Modernizing Payments To and From America's Bank Account," requires beneficiaries to switch to direct deposit or use a prepaid debit card. The transition represents more than administrative efficiency—it...