Gen Z is already struggling to stay afloat amidst a turbulent economic climate, and now, President Trump’s new act may be changing everything they knew about retirement.
The Trump administration’s One Big Beautiful Bill Act (OBBBA), which focuses primarily on tax cuts and spending reform, was signed into law on July 4, 2025. The act also included a Senior Bonus Deduction, which will offer certain older employees reduced taxable income and tax free Social Security. And while those stipulations don’t specifically apply to younger talent in the immediate, Gen Z will be indirectly impacted in the long-term.
