Free NewsletterPro Login

Trump's 2027 Budget Wants To Kill A $395 Million Job Training Program For Seniors

Published May 17, 2026
Share:
Summary:
  • The White House's 2027 budget calls for ending SCSEP, a $395 million federal job training program for older Americans created in 1965.
  • The program paid more than 42,000 people 55 and older the minimum wage to train for new jobs in 2023.
  • A four-month funding pause last year forced one Georgia nonprofit to shrink from nine offices to one and run at 30% of its old size.

In 2024, the U.S. quietly hit a milestone: more people over 62 than under 18.

The country is getting older. Many of those older Americans still need to work.

That is the backdrop for the Trump team's latest budget move. It wants to kill the one federal program built to retrain low-income seniors and get them back to a paycheck.

The Program On The Chopping Block

The Senior Community Service Employment Program, or SCSEP, has been around since 1965.

It pays low-income Americans 55 and older the minimum wage to train for new jobs.

The work happens at nonprofits or government offices, and people put in about 20 hours a week.

To qualify, you must be out of work and earn no more than 125% of the federal poverty line.

SCSEP is a small program by Washington standards. Annual funding sits around $395 million.

For context, total federal spending will hit $7.4 trillion in 2026, per the Congressional Budget Office.

Still, the program served more than 42,000 people in 2023.

Every morning, Market Briefs breaks down the policy moves shaping your money in five minutes, plus a free investing masterclass when you join.

Why The White House Wants It Gone

The 2027 budget calls SCSEP "an earmark to leftist, Diversity, Equity, and Inclusion (DEI)-promoting organizations." It says the program is "ineffective and duplicative."

The argument: other federal programs already cover this ground, and state and local governments do better on raising wages.

A September report from the Republican-led House Appropriations Committee said SCSEP led to regular jobs for less than half of the program's job-ready people. The report did not name a source for that figure.

This is not Trump's first try. His first-term budgets pushed to cut SCSEP, and his 2026 budget did too.

Congress kept the funding both times.

What Already Happened When Funding Stopped

Last year, the Department of Labor held up more than $300 million in SCSEP money for about four months. Tens of thousands of people got furloughed.

A class action lawsuit followed.

Legacy Link, a Georgia nonprofit that runs the program, went from nine offices to one. The group is now running at about 30% of its old size, per director Christine Osasu.

Some people ended up back on the street, while others lost their cars or skipped medicines. The eldest person now in Legacy Link's program is 86.

Goodwill in Zanesville, Ohio also took a hit during the pause. The program came back in November and has since reenrolled all 84 of its local people, per program manager Mike Carpenter.

The question on the floor now: will the funding hold next year?

What To Watch

Congress has the final say on the budget. Lawmakers already pushed back on the 2026 effort to zero out SCSEP.

They set aside $395 million instead - about $10 million less than the year before.

Sen. Tammy Baldwin, the top Democrat on the Senate panel that oversees labor, says she will fight to keep the program funded.

What is different this round is timing. New work rules for Medicaid and SNAP under last year's tax bill apply to people up to age 64 - the same group SCSEP exists to retrain.

Join the 350,000+ investors reading Market Briefs every weekday morning, and you also get a free 45-minute investing course as a sign-up bonus.

Disclosure

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

May 5, 2026
How to Create Multiple Income Streams: A Beginner's Playbook
  • Most people rely on a single income stream from their job - which is also the most heavily taxed.
  • Multiple income streams come from a mix of cash flow, dividends, side businesses, real estate, and royalties.
  • The fastest path for most beginners is starting with one extra stream - usually dividends or a side hustle - and stacking from there.
Read More
May 5, 2026
The 60/40 Portfolio Explained: A Beginner's Guide
  • A 60/40 portfolio holds 60% in stocks and 40% in bonds (or other fixed income).
  • It's designed to balance growth from stocks with stability from bonds.
  • Your "right" mix depends on age, time horizon, income needs, and how well you sleep when markets drop.
Read More
May 5, 2026
How to Invest in Silver: A Beginner's Guide
  • Silver is both a precious metal and an industrial metal, used in solar panels, electronics, and medical tech.
  • Investors can buy silver four main ways: physical bars and coins, ETFs, mining stocks, or futures contracts.
  • Most beginners are best served by allocating a small slice of their portfolio to silver - usually between 1% and 3%.
Read More
May 1, 2026
Asset Allocation by Age: The Right Portfolio Mix at Every Stage of Life
  • Younger investors should hold mostly stocks because they have decades to recover from crashes and benefit from compounding.
  • Allocations gradually shift toward bonds and stable income as retirement approaches, but stocks remain important even past age 65 to outpace inflation.
  • Annual rebalancing is essential - it forces you to buy low and sell high while keeping your portfolio aligned with your actual life stage.
Read More
April 30, 2026
Stablecoin Explained: Why Some Cryptocurrencies Actually Aren't Volatile
  • Stablecoins are cryptocurrencies pegged to stable assets like the US dollar, giving crypto-style speed and access without the volatility of Bitcoin or Ethereum.
  • Fiat-backed stablecoins like USDC are the safest option, while algorithmic stablecoins have failed spectacularly and should generally be avoided.
  • Stablecoins fit a portfolio as cash reserves with better yields, a hedge against crypto volatility, and a fast, cheap rail for international transactions.
Read More
April 30, 2026
Buy Now, Pay Later Risks: Why This "Easy" Payment Method Is Dangerous to Your Wealth
  • Buy now, pay later services like Klarna, Affirm, and Sezzle are debt products designed to feel harmless while keeping users in a cycle of overspending.
  • BNPL exploits psychological debt blindness, triggers late fees, and damages credit scores without helping users build positive credit history.
  • Building real wealth means waiting 30 days, paying upfront when you have the cash, and avoiding systems built to extract money from your future income.
Read More
April 30, 2026
Dividend Payout Ratio: The Secret Metric That Shows If a Stock Is Safe or Risky
  • Dividend payout ratio is total dividends paid divided by net income, showing the percentage of earnings a company returns to shareholders.
  • A 20-50% payout ratio is generally safe and sustainable, while ratios above 75% often signal a dividend cut is coming.
  • High dividend yields can be warning signs, not opportunities - safety and dividend growth matter more than the headline yield number.
Read More
April 30, 2026
Ethereum for Beginners: What It Is and Why Smart Investors Are Paying Attention
  • Ethereum is a blockchain platform that runs smart contracts, while Ether (ETH) is the cryptocurrency that powers the network.
  • Use cases include decentralized finance, NFTs, gaming, supply chain tracking, and digital identity - many still experimental.
  • Most investors should treat Ethereum as a small allocation hedge using dollar-cost averaging, not a get-rich-quick lottery ticket.
Read More
April 30, 2026
Dollar Cost Averaging Strategy: How to Beat Emotion and Build Wealth Steadily
  • Dollar cost averaging means investing the same amount at regular intervals regardless of what the market is doing.
  • The strategy automatically buys more shares when prices are low and fewer when prices are high, lowering your average cost over time.
  • DCA removes emotion, eliminates the need to time the market, and turns volatility into a mathematical advantage for long-term investors.
Read More
April 30, 2026
The BRRRR Strategy: How to Build Real Estate Wealth Without Big Money Down
  • BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat - a five-step framework for scaling real estate without saving for big down payments.
  • The strategy works by buying distressed properties below market value, adding value through smart renovations, and pulling out equity through refinancing.
  • Tax advantages like depreciation and mortgage interest deductions make BRRRR a powerful tool for owners willing to manage tenants and contractors.
Read More
1 2 3 20
Share via
Copy link