This Change to Social Security Makes it Harder to Qualify for Benefits
Briefly

from 24/7 Wall St.2 weeks ago
The Social Security rules change annually, and in 2025, notable shifts include increased earnings-test limits and a rise in work credit value. To receive benefits, individuals must acquire 40 work credits, which have become more challenging to achieve due to these adjustments. Additionally, a 2.5% cost-of-living adjustment was implemented, reflecting moderate inflation levels. While some older Americans depend on these benefits for financial stability, understanding the complexities of qualification and updates is crucial to ensure they secure their retirement funding effectively.
To qualify for benefits, you must accumulate 40 work credits in your lifetime. With a new work credit value, earning those credits just became harder for some.
24/7 Wall St.https://247wallst.com/personal-finance/2025/03/10/this-change-to-social-security-makes-it-harder-to-qualify-for-benefits/
The rise in earnings-test limits and wage caps makes qualifying for Social Security benefits in retirement more difficult, impacting millions of older Americans.
24/7 Wall St.https://247wallst.com/personal-finance/2025/03/10/this-change-to-social-security-makes-it-harder-to-qualify-for-benefits/
Read at 24/7 Wall St.
#social-security #retirement-benefits #earnings-test #financial-planning #cost-of-living-adjustment
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