While benefits are going up, Medicare Part B premiums are also expected to rise by 9.7% (to roughly $202.90/month), which may swallow about 32% of the average retiree's COLA raise. 💡 Debunking Common Myths Historical Background and Development of Social Security
If you're posting for a current audience, these 2026 changes are high-impact:
You can earn more while working and collecting benefits. If you are under full retirement age, you can earn up to $24,480 in 2026 before benefits are withheld.
When the Act was signed in 1935, it originally excluded farmworkers, domestic workers, and government employees.