Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023
— .
The boost in benefits. the biggest in 40 years, will be coupled with a 3% drop in Medicare Part B premiums, meaning retirees will get the full impact of the jump in Social Security benefits. , and at a time when Democrats and Republicans are sparring about high prices now and how best to shore up the program financially in the future.. “I’ll make them stronger,” he said last month. “And I’ll lower your cost to be able to keep them.”About 70 million people — including retirees, disabled people and children — receive Social Security benefits. This will be the biggest increase in benefits that baby boomers, those born between the years 1946 and 1964, have ever seen.
Social Security is financed by payroll taxes collected from workers and their employers. The maximum amount of earnings subject to Social Security payroll taxes for 2023 is $160,200. The annual Social Security and Medicare trustees report released in June says the program’s trust fund will be unable to pay full benefits beginning in 2035.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Nottinghamshire chippy named one of the top 10 in the UKIt's hoping to be number one when the winner is announced next year
Weiterlesen »
2022 TIME100 Next: Oleksandr Kubrakov.OlKubrakov became Ukraine’s Minister of Infrastructure nine months before Russia invaded. He became a reliable voice on social media as his country plunged into war, and has spearheaded an agreement meant to stabilize global food markets TIME100Next
Weiterlesen »
2022 TIME100 Next: Yahya Abdul-Mateen IIJason Momoa on yahya: 'It’s wonderful watching him on set, with what he commits to each scene and how much he cares for his craft' TIME100Next
Weiterlesen »
2022 TIME100 Next: Devery JacobsGuillermo del Toro (RealGDT) on kdeveryjacobs: 'The truth she carries with her and the paths she opens for herself, and others, fill the world with oxygen—with life' TIME100Next
Weiterlesen »
2022 TIME100 Next: Frida Escobedo'fridaescobedo is an architect with the spirit of a deep thinker and a sensitive artist,' writes Gabriela Camara. 'A poised creator, her work is both stunning and discreet' TIME100Next
Weiterlesen »