Social Security: Consistent for Decades! - The Dallas Morning News
We see a lot of articles, as we finish out this year, about the changes on deck for Social Security in 2024. Largely, those articles discuss standard adjustments such as next year’s inflation-based Cost of Living Adjustment (COLA), or dollar threshold changes driven by the government’s Average National Wage Index. There are, indeed, some annual Social Security changes to various factors which affect your benefit, or your payroll contributions. But what hasn’t changed in many decades are the rules which govern how benefits are paid and who is eligible for them. Social Security’s basic rules, with one notable exception, haven’t changed in many, many years, as this Dallas Morning News article by Tom Margenau explains.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…