Enacting a $15 Minimum Wage is a Win for Social Security

[via Social Security Works] Today’s federal minimum wage[1] is only $7.25 an hour. It is worth less and buys less than it did a half century ago.[2] At the same time, the United States is at its wealthiest moment in history. The inadequate minimum wage hurts low-wage workers. In fact, it hurts all workers,[3] as …

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Millionaires Are Done Paying Into Social Security for the Year

Image via Flickr Creative Commons | https://flic.kr/p/fodXun [Via NCPSSM] Today is the day most millionaires stop paying into Social Security for the rest of the year, while most of us will continue contributing FICA payroll taxes through the end of December.  The payroll tax cap for 2021 is $142,800 in annual wages.  As of today, the average …

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Biden has promised to reform Social Security — some changes could come as soon as this year

Image courtesy of Social Security Administration via Wikimedia Commons President Joe Biden, Congressman John Larsen, and Senator Bernie Sanders have each proposed a plan to expand Social Security. Biden's offers a modest benefit expansion and would solidify the program's finances until 2039; Sanders' and Larsen's bills provide for additional benefits and would secure funding to …

Continue reading Biden has promised to reform Social Security — some changes could come as soon as this year