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re: Media will spin Social Security raise as a win, when it isn’t

Posted on 9/14/22 at 11:57 am to
Posted by vl100butch
Ridgeland, MS
Member since Sep 2005
34717 posts
Posted on 9/14/22 at 11:57 am to
quote:

Social Security benefits have increased for 9 out of the last 10 years. The two largest increases were 3.6% in 2012, and 2.8% in 2019, but the average over the last 10 years is about 1.6%. But 8.7% is rediculous. This will cause SS benefits to go broke before 2035.


What no one is talking about is the increase in the maximum taxable amount for social security...that continues to rise...for the last 20 years, I maxed out on Social Security due to two jobs and then my salary continuing to rise, however the maximum amount to have social security taken out has risen faster than my salary!!!!

first world problem I know, but that amount will continue to rise...
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