Solutions For RealSolutions For Real
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Summer Financial Checklist

July 1, 2025

3 Gently Used Cars You Can Still Buy for Under $20,000

July 1, 2025

20 Companies With Permanent Remote Jobs

July 1, 2025
Facebook Twitter Instagram
Trending
  • Summer Financial Checklist
  • 3 Gently Used Cars You Can Still Buy for Under $20,000
  • 20 Companies With Permanent Remote Jobs
  • 8 Things You’re Forgetting to Include in Your Monthly Budget
  • NASA, Netflix Team Up to Live Stream Rocket Launches
  • Mark Zuckerberg Reveals Meta Superintelligence Labs
  • You Don’t Need A Retirement Coach—Or Do You?
  • Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run
Tuesday, July 1
Facebook Twitter Instagram
Solutions For RealSolutions For Real
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Solutions For RealSolutions For Real
Home » What Trump’s 2026 Budget Would Mean For Older Adults
Retirement

What Trump’s 2026 Budget Would Mean For Older Adults

News RoomBy News RoomJune 5, 20250 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

President Trump’s 2026 budget would freeze spending for many services for older adults, deeply cut others, continue his efforts to slash government staffing for key programs, and abolish a critical federal office that manages many of those initiatives.

It would retain, but sharply reduce funding for, the National Institute on Aging. It would restructure and cut funding for low-income housing, including for older adults and people with disabilities. And it would kill a jobs program for low-income older adults and several initiatives aimed at assisting people with disabilities.

Trump’s draft 2026 budget is separate from the many staffing cuts he already made through Elon Musk’s Department of Government Efficiency. And it is unrelated to the 2025 budget bill passed by the House May 22 and now pending in the Senate.

His 2026 budget will need to be approved by Congress, where its fate is uncertain. Lawmakers will consider it sometime after they complete the 2025 fiscal bill, which the House calls the One Big Beautfiul Bill Act (OBBBA).

Flat-Funding Programs For Seniors

According to a budget description released by the federal Department of Health and Human Services, Trump would fund most programs under the umbrella Older Americans Act in 2026 at roughly the same levels as this year.

That means programs such as Meals on Wheels and other nutrition assistance, support for family caregivers, the long-term care ombudsman program, and the like would get no additional funding, but neither would they see their budgets cut.

In a time of inflation, flat funding means the buying power of these programs would shrink. Yet, Older Americans Acy programs fared far better than other domestic spending, which Trump would cut by about 22 percent.

Killing ACL

The biggest immediate change, which the White House announced earlier this year, would abolish the Administration for Community Living, which oversees those OAA programs as well as a federal initiative aimed at supporting family caregivers called the RAISE Act.

HHS initially announced it would divide ACL’s work among three other agencies within the department. Now, Trump would shift all of ACLs work to an office that had been known as the Administration for Children and Families. It will become the Administration for Children, Families, and Community.

HHS leadership also announced earlier this year it would eliminate about 45 percent of all positions in ACL, which had about 200 staff at the beginning of 2025. It is not clear from the budget how that number will change.

After receiving pushback from key members of Congress and advocacy groups, the final Trump budget reverses several program cuts the White House proposed back in March. For example, it now saves and funds at current levels the ombudsman program that investigates consumer complaints about nursing homes, a respite program for family caregivers, and the State Health Insurance Assistance Program, which provides consumer advice about Medicare.

Some programs still would be killed, however. They include several for people with disabilities and the White House conference on aging.

Cutting Senior Housing And NIA

The Administration also would cut federal rental assistance by almost $27 billion, or 43 percent. It would combine six different programs into a single State Rental Assistance Block Grant, funded at about $32 billion. The combined programs would include Section 202 Housing for the Elderly and Section 811 Housing for Persons with Disabilities.

Absent those subsidies, it would be difficult if not impossible to build affordable housing for low-income older adults. The new model would give states greater flexibility in spending the funds. But it also would create something of a zero-sum game, where housing needs of older adults could be pitted against the needs of young families.

Trump also would kill a long-standing Department of Labor program aimed at helping low-income older adults find work.

Over the long term, the most profound cut proposed by Trump may be slashing the National Institute on Aging budget from $4.4 billion to $2.8 billion. NIA funds a broad range of critical research into ways to improve the health of older adults. NIA would remain an independent entity at the National Institutes of Health, unlike several others Trump would eliminate. But losing nearly 40 percent of its funding would be a severe blow to the current and future study of aging.

These budget proposals are separate from House plans to substantially cut the federal contribution to Medicaid or impose a work requirement on Medicaid recipients.

What Happens Next?

Trump’s budget proposal now goes to Congress, where its fate is uncertain.

On one hand, many programs for older adults and people with disabilities enjoy widespread support on Capitol Hill. But bond investors are getting increasingly nervous about the rapidly rising federal budget deficit, a concern that is likely to grow if Congress approves anything close to the $3.9 trillion in tax cuts the House adopted in May.

The Senate is considering even bigger tax cuts. But bond market resistance could force Congress to either scale back those plans, which would be a tough sell among GOP lawmakers, or look for ways to pay for some tax reductions by cutting domestic spending even more deeply.

If lawmakers go that route, Older Americans Act funding still could face a struggle on Capitol Hill. It seems improbable that the Trump Administration will fight hard to retain many of these programs, since it proposed cutting them in its initial budget draft.

The Trump budget could have been much worse for older adults. But it remains to be seen how those programs are managed following the major staffing cuts at HHS. And don’t be surprised if services for seniors and people with disabilities get caught up in congressional efforts to further cut domestic spending later this year.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Summer Financial Checklist

Retirement July 1, 2025

You Don’t Need A Retirement Coach—Or Do You?

Retirement June 30, 2025

What’s Your Retirement Forecast? Heat, Hurricanes And Wildfires Ahead

Retirement June 29, 2025

Private Equity In Your 401(k)? Trump May Reshape Retirement Investing

Retirement June 28, 2025

An Overlooked Truth About The Healthiest Way To Age

Retirement June 27, 2025

Why You Must Involve Your Adult Children In Your Financial Plan

Retirement June 26, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

3 Gently Used Cars You Can Still Buy for Under $20,000

July 1, 20250 Views

20 Companies With Permanent Remote Jobs

July 1, 20250 Views

8 Things You’re Forgetting to Include in Your Monthly Budget

July 1, 20250 Views

NASA, Netflix Team Up to Live Stream Rocket Launches

July 1, 20250 Views
Don't Miss

Mark Zuckerberg Reveals Meta Superintelligence Labs

By News RoomJuly 1, 2025

Meta CEO Mark Zuckerberg, 41, is reshaping the company’s AI efforts to focus on superintelligence,…

You Don’t Need A Retirement Coach—Or Do You?

June 30, 2025

Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run

June 30, 2025

10 Creative Ways to Save for a Big Goal (Like a Vacation!)

June 30, 2025
About Us
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

Summer Financial Checklist

July 1, 2025

3 Gently Used Cars You Can Still Buy for Under $20,000

July 1, 2025

20 Companies With Permanent Remote Jobs

July 1, 2025
Most Popular

Century 21 CEO optimistic over 2025 real estate market: Here's what buyers 'don't realize'

December 16, 20241 Views

15 Best Paid Survey Sites For Kids

December 12, 20231 Views

Summer Financial Checklist

July 1, 20250 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Solutions For Real. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.