Everything you need to know to maximize Social Security benefits

Contributing sentiments towards policy:

63% : Who is eligible for Social Security benefits? Social Security offers more than just financial support for retirees.
63% : Understanding the basics of Social Security As of 2024, you can earn up to four Social Security credits per year, one credit per $1,730 earned.
60% : You and your employer are taxed 6.2% each for Social Security and 1.45% to fund Medicare.
57% : The majority of funds are allocated to retirees: 85 cents on every dollar paid to Social Security gets put into a trust fund for those claiming retirement benefits.
56% : Those who are self-employed must shoulder more of the burden: they pay 12.4% of their income toward Social Security and 2.9% toward Medicare.
55% : Nearly 68 million Americans claimed Social Security in June 2024, yet 51% of people don't know how to maximize their benefits, and 33% are unsure of when they can start claiming benefits.
54% : Those with disabilities, spouses of someone receiving benefits, children, dependent parents, and spouses of deceased workers are all eligible to claim Social Security through Survivor Benefits and Disability Insurance.
53% : Social Security was developed in 1935 to create a financial safety net for disabled and retired Americans.

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