Seven Changes to Social Security in 2013
Social Security is an important part of any retirees’ income. By collecting taxes from paychecks, the program supports people who are unable to take care of themselves. Current estimates are that 40% of Americans over the age of 65 are kept out of poverty from the benefits proved by the Social Security Administration. 2013 brings 7 new changes to a social service that has existed since 1935, as follows: 1. Payroll Tax Increases There was a temporary tax cut in...