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.

President Donald Trump and his administration have been busy changing many things over the past few months. For instance, he's ending paper Social Security checks, requiring electronic fund transfers. That will save the government some money, but close to 500,000 Americans receive paper checks, so the change will be disruptive for them.

A federal judge said the president likely needs to seek congressional cooperation for such widespread changes.

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.

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.

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.

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.