2025 Social Security Changes - BIONIC SPEED

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This is a high speed short on five big changes to Social Security.
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The income cap on SS payroll tax needs to be eliminated.

tc
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And Medicare goes up 8.7 % so much for 2.5 being the true cost of loving increase

JoeCosentino
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in other words, federal workers paying SS on a portion of their income the compensated at a higher rate. What a bunch of BS.

KTPurdy
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Love your channel. Thank you for all the information

MacWilly
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Not really. The "big" changes have yet to happen. Namely,
1. Phase-in increasing FRA to 69 and minimum to 64 (this will not be popular, and may require additional legal enforcement to disincentivize companies from laying off older workers)
2. Raising or eliminating the income cap on SS tax (not popular by the <1% who "own" congress and social media)
3. Changing the SS COLA to the inflation rate for the elderly (which will be 7-8% COLA instead of 2.5%)

baroque
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Government employees get over on taxpayers again

steves
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This is the disconnect. I hear you say a 2.5% increase then the explanation means nothing to me. I don't knw what it means to my check, except MAYBE it will be 2.5% higher than last year. The explanation did not help.

pcatful