Trump has refused to say what he’ll do because threatening Social Security during an election would cost him a lot of votes from seniors. On the other hand, now that he has won, Republicans have started freely admitting that Project 2025 is the plan for this administration. Project 2025 has this to say about Social Security.

Project 2025’s 900-page Mandate for Leadership fails to propose any solutions for Social Security and says, on page 710, that its proposals for the program could not be “covered here in depth.” Notably, that line was co-authored by economist Stephen Moore, who has advocated to slash and privatize Social Security, once calling it a “Ponzi scheme” and encouraging students to burn their Social Security cards. Kevin Roberts, the president of the Heritage Foundation, has also gone on record to say the Mandate for Leadership manifesto is just the basis of their plan and “there are parts of the plan that we will not share with the left.” Last month, his organization called for raising the retirement age, and the author of that analysis, Rachel Greszler, is listed as a Project 2025 contributor.

I would hazard to guess that the incoming administration will, at the very least, try to raise the Full Retirement Age to 69. I will be pleasantly shocked if they don’t try to privatize it as well.