Trump claims age of Social Security recipients ranges between 100 to 360 years old
Published On Mar 5, 2025, 7:30 AM
In a recent address, Donald Trump claimed that many individuals listed in the Social Security database are significantly older than 100 years, with some allegedly as old as 360. This statement was made amidst his criticism of what he described as incompetence and potential fraud within the Social Security system. Elon Musk has also weighed in, suggesting that a preliminary review indicated that the system is improperly allocating benefits to individuals supposedly over 100 years old. The issue raises concerns about the integrity of federal spending and social programs, particularly as the government seeks to eliminate wasteful spending.
Stock Forecasts
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The concerns raised by Trump and Musk about potential fraud in the Social Security system may cause uncertainty in the markets, particularly in sectors related to social services and health care. If these claims lead to significant governmental scrutiny or changes in policy, it may negatively impact related investments. Therefore, investments in companies involved in the healthcare system that rely heavily on government funding could see downturns as a reaction to this scrutiny.