You must know these 7 numbers about Social Security!

Social Security is best known as a retirement income program for Americans, but it also provides benefits to disabled workers, spouses and dependents.

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Those essential 7 numbers for social security

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[{"selector":"#anim-f26776f7-8cc8-40ca-a0e5-0f03ef60b3e5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] 1. As the program is currently structured, 2035 is not going to be a happy year for Social Security recipients. 1. As the program is currently structured, 2035 is not going to be a happy year for Social Security recipients. CREDIT GETIMAGE

[{"selector":"#anim-d8d93a1a-8355-49b0-aa1e-fa98cc891ccf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] 2. Unless Social Security funding is increased, 22% is the amount that could be cut in 2034. 2. Unless Social Security funding is increased, 22% is the amount that could be cut in 2034. CREDIT GETIMAGE

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[{"selector":"#anim-dbea4dd0-2ca9-47fe-82f7-7d92c2a786be [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.446691045685945%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] 5. The highest available Social Security retirement benefit in 2022 is $4,194. 5. The highest available Social Security retirement benefit in 2022 is $4,194. CREDIT GETIMAGE

[{"selector":"#anim-6a6d4871-a694-46df-889b-48d9c8834ccd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] 6. 2022 recipients will see a 5.9% COLA increase in their Social Security payments, the most in 40 years. 6. 2022 recipients will see a 5.9% COLA increase in their Social Security payments, the most in 40 years. CREDIT GETIMAGE

[{"selector":"#anim-9a52aa71-644b-4b5a-bc5c-47fe71bff17d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] 7. Each year, the Social Security Administration calculates its "wage base" which is the amount of income that is taxable for Social Security purposes. For 2022, this amount is $147,000. 7. Each year, the Social Security Administration calculates its "wage base" which is the amount of income that is taxable for Social Security purposes. For 2022, this amount is $147,000. CREDIT GETIMAGE

You must know these 7 numbers about Social Security!

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You must know these 7 numbers about Social Security!

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Social Security is best known as a retirement income program for Americans, but it also provides benefits to disabled workers, spouses and dependents.

Social Security is best known as a retirement income program for Americans, but it also provides benefits to disabled workers, spouses and dependents.

Those essential 7 numbers for social security

Those essential 7 numbers for social security

You must know these 7 numbers about Social Security!

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