Q & A
What is a Social Security “credit”?
Answer: During your working years, you earn Social Security credits based on how much you earn in wages. The amount of earnings you need for one credit rises as average earnings levels rise. In 2014, you receive one credit for every $1,200 you earn in wages. You can earn up to a maximum of four credits per year. Most people need 40 credits (equivalent to 10 years of work) to be eligible for retirement benefits. For more information about credits, read “How You Earn Credits” at www.socialsecurity.gov/pubs.
Source: The Jackson County Times-Journal – June 18, 2014
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