• Social Security update: First round of December payments worth $4, 873

    From dbridges@21:1/5 to All on Tue Dec 10 08:08:43 2024
    XPost: alt.social-security-disability, or.politics, sac.politics
    XPost: talk.politics.guns

    Biden and Democrats killed American businesses and contributors to social security by encouraging manufacturing flight from the USA.

    The first round of DecemberÆs Social Security payments, worth up to $4,873
    for the highest-income earners who retire at age 70, will go out to
    retirees Wednesday.

    The amount of Social Security benefits retirees receive depends on their
    age, the number of years they paid into the system, and the amount of
    money they paid to Social Security. The highest-income earners who retired
    at age 70 can expect to receive a maximum of $4,873 each month. Those who retire at age 62, the earliest one can begin to collect benefits, can
    collect a maximum of $2,710 each month.

    Beneficiaries can see a personalized estimate of how much they can expect
    each month through the Social Security AdministrationÆs calculator.

    Retirees will receive their Social Security check depending on when their birthday falls.

    Retirees born between the first and 10th of a month receive their payments
    on Dec. 11. Beneficiaries born between the 11th and 20th of a month
    receive their checks on Dec. 18, and retirees born on or after the 21st of
    a month will receive their payments on Dec. 24. The final payment will be
    on a Tuesday, as the fourth Wednesday falls on Christmas.

    The federal government has provided Social Security benefits to retirees
    since 1935. The program is financed by a payroll tax paid by employers and employees. However, analysts estimate the SSA will no longer be able to
    give out full payments to recipients as early as 2034 due to a rising
    number of retirees and a shrinking number of workers. It is up to Congress
    to make changes to ensure recipients donÆt see a dip in payments.

    https://www.washingtonexaminer.com/news/3252974/social-security-update- first-round-december-payments-worth-4873-out-3-days/

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