June 06, 2025

The Hill: Warren, Wyden warn Trump policies could ‘decimate retirees’ savings’

Democratic Sens. Elizabeth Warren (Mass.) and Ron Wyden (Ore.) are pressing the Trump administration over the impact the president’s sweeping trade policies will have on the finances of retirees and people close to retirement.

“The economic chaos triggered by President Trump’s disastrous tariff policy has the potential to decimate retirees’ savings,” they wrote in a letter to the White House on Friday that was obtained by The Hill. “Simultaneously, the Trump Administration has taken a wrecking ball to the Social Security Administration (SSA), limiting seniors’ access to their hard-earned benefits.”

“In doing this, the Trump Administration is making it harder for seniors across the country to make ends meet,” they added.

Read the full story here.


By:  Elizabeth Crisp
Source: The Hill