Understanding the Earnings Test and Cost of Living Adjustments in Social Security
===============
#e04ec9d2 ver:0.06
In 2024, Social Security recipients will see a 3.2% increase in their monthly benefit checks, but rising inflation and housing costs continue to pose financial challenges for seniors. The maximum monthly benefit will increase to $3,822, and the maximum earnings subject to Social Security tax will rise to $168,600. The full retirement age will gradually increase to 67 for those born in 1960 or later. It's crucial to address the long-term sustainability of Social Security, as the trust funds are projected to be depleted by 2034. #SocialSecurity #COLA #retirement...
#newstr #SocialSecurity #EarningsTest #CostOfLivingAdjustments
https://here.news/story/e04ec9d2?ver=0.06
Understanding the Earnings Test and Cost of Living Adjustments in Social Security /
npub1qt…lamtq
2024-06-01 10:02:44
Author Public Key
npub1qt97y82azdjqhakvz2usd88r4jhd8n4fagep5efpm4d3fv5j7g4sglamtqPublished at
2024-06-01 10:02:44Event JSON
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"content": "Understanding the Earnings Test and Cost of Living Adjustments in Social Security\n===============\t\n#e04ec9d2 ver:0.06\n\nIn 2024, Social Security recipients will see a 3.2% increase in their monthly benefit checks, but rising inflation and housing costs continue to pose financial challenges for seniors. The maximum monthly benefit will increase to $3,822, and the maximum earnings subject to Social Security tax will rise to $168,600. The full retirement age will gradually increase to 67 for those born in 1960 or later. It's crucial to address the long-term sustainability of Social Security, as the trust funds are projected to be depleted by 2034. #SocialSecurity #COLA #retirement...\n\n#newstr #SocialSecurity #EarningsTest #CostOfLivingAdjustments \n\n https://here.news/story/e04ec9d2?ver=0.06",
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