Social Security is primarily funded by taxes: Payroll taxes account for 91% of revenue, and taxes collected on benefits account for 4%. So any changes to tax law could indirectly hurt the retirement program by reducing cash inflows. And President Trump has proposed exempting tips, overtime, and benefits from federal income tax.

I think that’s really the biggest concern we all have. Is it gonna be there for me? You hear what Musk and these other people say, and it really makes you wonder.”