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How $15 Minimum Wage Could Boost Social Security Benefits
Posted On: Feb 25, 2021
Feb. 25, 2021 | SOCIAL SECURITY | Some Washington lawmakers are pushing to raise the federal minimum wage to $15 per hour to put more money in workers’ pockets. The wage bump could also eventually provide a boost to their Social Security benefits. The current federal minimum wage of $7.25 has stayed where it is since 2009. Take a single worker who makes the minimum wage for their entire life, for example. If they claim their Social Security benefits in 2021 at full retirement age … CNBC
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