23 Mar 2025 12:00 pm
jerrab » 44 minutes ago » wrote: ↑ ----------------------------------------------
The average Social Security benefit was just $1,979 per month for retired workers in January 2025. But Social Security's wealthiest beneficiaries get a lot more. The max monthly benefit in 2025 is $5,108 per month. That adds up to more than $61,000 per year.3 days ago
Yes, If you earned the the taxable limit for SS every year for 35 years you would receive the $5,108 if you wait until 70 to claim. (Probably a very small percentage of people)jerra » wrote:Fuelman » Today, 10:55 am » wrote: ↑ In the end all that does is give high earners a larger SS check.
I agree it could be a quick fix short term but not actually a solution long term.
there is cap on social security.
The formula is the same for everyone. Raise the cap on those high earners, or eliminate it, they will get some pretty hefty monthly checks.