Not to mention that, for those of us still toiling in the vineyards, the wage base subject to FICA tax will be nudging upward to $132,900.
SSA says that the recipients will receive an increase of 2.8%. But the boost in the 2019 wage base is 3.5%, and the bend points also go up about that much. I'm not an accountant, but shouldn't all those numbers be a lot closer?
Or might this be a move by SS to narrow (every little bit helps) the funding gap? I know that these adjustments are governed by legislation, but I suspect the law allows some leeway for the SS administrators to do some tweaking.
BTW, if you score that kind of scratch, you're in the 94th percentile of earners:
https://dqydj.com/income-percentile-calculator/