📋 How is Social Security Funded? (AARP Article - updated)

[Winter2025VA]

FROM THE ARTICLE:

By Andy Markowitz, AARP.

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Published February 19, 2020.

➡️ Updated January 02, 2025. ⬅️

Payroll taxes from U.S. workers and their employers provide most of the money for Social Security benefit programs.In 2025, 12.4 percent of income up to $176,100 goes into the Social Security pot. Job holders and their employers split the contribution at 6.2 percent each; self-employed people pay both shares.

USE LINK BELOW TO READ THE ARTICLE: https://www.aarp.org/social-security/faq/how-is-it-funded/