Skip to main content
  30+ years of personal finance
  1. Home
  2. /More
  3. /Trump vs Biden: Who Is Better for Social Security?
  • Sign up
  • Sign in
Money Talks News
  • Popular
  • Latest
    • Make
    • Save
    • Borrow
    • Grow
    • Live
    • More
  • Podcasts
  • Solutions
  • Academy
  • Subscribe to our newsletter
  • Follow us on Facebook
  • Follow us on Instagram
  • Follow us on X
  • Search our site
Older couple at home working on retirement plans, Social Security, filling out forms.7 Retirement Mistakes That Could Cost You Hundreds of Thousands
Halloween decorations at Costco15 New Products at Costco in October 2026
Asset allocation and growth11 Secret Ways Americans Build Wealth

Trump vs Biden: Who Is Better for Social Security?

Biden says Trump will bankrupt Social Security within three years. Trump claims Biden tried to cut Social Security for decades. Here's who's closer to the truth.

Stacy Johnson CPA

Stacy Johnson CPA

Best-Selling Author, Emmy Recipient, Personal Finance Expert Since 1981

Updated Nov. 2, 2020 | Published Oct. 17, 2020

Advertising Disclosure

Share on Facebook Share on X Share by Email Printable version available to members PDF version available to members
  Add as a preferred source on Google
Money with Stacy Johnson
Aaron Freeman / Money Talks News

“Never doubt that a small group of thoughtful, committed citizens can change the world: Indeed, it’s the only thing that ever has.”
– Margaret Mead

In a few short weeks, we’ll be voting for president, in what will be one of the most divisive contests the country has ever seen.

If you’re someone who votes their pocketbook, especially if you’re an older American, you’re likely wondering whether President Donald Trump or former Vice President Joe Biden would be the better choice to protect Social Security.

Trump is running an ad claiming Biden “tried to cut Social Security and Medicare for decades.”

Biden released an ad saying, “If Trump gets his way, Social Security benefits will run out in just three years from now.“

Which, if either, of these statements is closer to the truth? In this week’s “Money” podcast, we’re going to find out with the help of Social Security expert Jeff Miller. As usual, my co-host will be financial journalist Miranda Marquit.

Sit back, relax and listen to this week’s “Money” podcast!

Subscribe: Apple Podcasts | Google Podcasts | Spotify | Amazon Music | RadioPublic | Stitcher | RSS

Want more information? Check out these resources:

  • Social Security Choices (Jeff’s company — use code “moneytalks” for a $10 discount on a personalized analysis of claiming strategies)
  • The Only Retirement Guide You’ll Ever Need (our course — with a free Social Security chapter)
  • “5 Ways Joe Biden Wants Social Security to Change“
  • “9 Social Security Terms Everyone Should Know“
  • “5 Simple Steps to an Awesome Retirement“
See Also:
6 Reasons Americans Are Losing Faith in Retirement — and the 1 Fix That Actually Works

Not familiar with podcasts?

A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online.

They’re totally free. They can be any length (ours are typically about a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you’re like me, when riding your bike.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven’t listened to a podcast yet, give it a try, then subscribe to ours. You’ll be glad you did!

About me

I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

  Like Article
 
  Comment On
  Facebook   X   Reddit   LinkedIn

Sign up for our free newsletter!

Join our many free newsletter subscribers building wealth and destroying debt:

We'll send you simple ways to make, save, and grow your money daily.

Upgrade to an ad-free experience

As a newsletter subscriber, you're already part of the family. Members enjoy distraction-free reading, PDF downloads, and exclusive perks.

No ads • PDF downloads • 2 free eBooks • Email us questions
$50/year (Best value) $5/month
Learn more about membership benefits • Already a member? Log in
Sign up for our free newsletter!

Simple ways to make, save, and grow your money daily:

  happy subscribers    
Sign up for our free newsletter!

Join our many free newsletter subscribers building wealth and destroying debt:

Popular Topics
  • Retirement Investment
  • Surveys for Money
  • How to Make Money Online
  • Emergency Stockpile
  • Free Movie Streaming
  • Senior Discounts
Connect
  • Support & FAQs
  • Memberships
  • About
  • Advertise
  • Contact
  • Careers
Media
  • Television
  • Where We Air
  • Scripts
  • Sitemap
Legal
  • Terms
  • Privacy
  • Cookies
  • Disclaimer
  • Accessibility Statement
Editorial
  • Fact-Checking Policy
  • Ethics Policy
  • Corrections Policy
  • Ownership & Funding Info

Do Not Sell or Share My Personal Information

© 2026 Money Talks News. All Rights Reserved.
‭1 (833) 669-8557 | 1632 1st Ave #26661, New York, NY 10028

Advertising Disclosure: This site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. As an Amazon Associate, we earn from qualifying purchases.

Add a Comment
Sign up for our free newsletter!

Join our happy subscribers and sign up for our free newsletter! You'll get:

  • Tips and advice from our expert money reporters. (Our average experience is 18 years!)
  • Unexpected ways to make more and spend less, delivered to you daily.
  • The best deals and coupons to save on everything you buy.
 
 
Read Without Distractions. Save Without Limits.

As a newsletter subscriber, you've already discovered smarter ways to manage your money. A membership removes the ads and unlocks tools that help you save even more.

  • ✓No ads - distraction-free reading
  • ✓Premium experience - get more in less time
  • ✓PDF versions of all articles to keep
  • ✓2 free eBooks - a $30 value
  • ✓Member-only support - we prioritize you
  • ✓Course discounts - save on all courses
$50/year 2 months free vs. monthly $5/month Cancel anytime
Learn more about membership benefits Powered by Stripe