Social Security -

When the Act was signed in 1935, it originally excluded farmworkers, domestic workers, and government employees.

Benefits for nearly 71 million people will increase by 2.8% starting in January 2026 due to the Cost-of-Living Adjustment (COLA). SOCIAL SECURITY

While benefits are going up, Medicare Part B premiums are also expected to rise by 9.7% (to roughly $202.90/month), which may swallow about 32% of the average retiree's COLA raise. 💡 Debunking Common Myths Historical Background and Development of Social Security When the Act was signed in 1935, it

Higher earners will pay more; the maximum amount of earnings subject to the Social Security tax is rising to $184,500 in 2026. it originally excluded farmworkers