Social Security boost won’t offset stock loss
WASHINGTON — Social Security checks are going up $63 a month for the typical retiree — the largest increase in more than a quarter century but likely to seem puny to the millions who have been watching in horror as Wall Street lays waste to their retirement nest eggs.
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Earnings max
In some unwelcome news, the government announced Thursday that the maximum amount of earnings subject to the Social Security tax will increase next year to $106,800, from $102,000 this year.
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