Yes, Your Social Security Payment Could Be Late

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Quick Read

  • The Trump administration’s search for government expenses to cut could disrupt Social Security payments.

  • Any delays will hit many older Americans hard and could affect the broader economy.

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Yes, Your Social Security Payment Could Be Late

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About 66 million Americans receive Social Security, and including Supplemental Security Income raises the figure is over 73 million. As the Trump administration and DOGE look for government expenses, they can disrupt Social Security payments. While they will not be cut, they could be paid late.

The federal job cuts will include employees of the Social Security Administration. The plan is to cut 7,000 staff members, which is 12% of the total. There is also a plan to close 47 Social Security Administration offices. The World Socialist Web Site reports, “For some people, the closure of the offices will mean traveling distances of 100 miles or more to the next closest SSA location.” Access to accounts online has already been interrupted. Also, people cannot file benefit applications or change bank accounts over the phone.

The White House also plans to do more to look for fraud in the system. Although most experts think there is almost no Social Security fraud, “uncovering” it may also slow payments.

Any delays will hit many older Americans hard. The average payment to retirees is just short of $2,000 a month. These payments make up about a third of the incomes of Americans who are over 65. The number is much higher for some. According to the Social Security Administration, “Among Social Security beneficiaries age 65 and older, 12% of men and 15% of women rely on Social Security for 90% or more of their income.”

Delays in Social Security payments could well affect the broader economy. People over 65 have significant spending power, and this effect could occur during what may already be a troubled economy harmed by tariffs and falling consumer spending.

Delayed Social Security payments are a real possibility. If you are over 65, that may include you.

Why Trump’s Recent Move Could Be Bad News for Social Security

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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