SSA Commissioner Andrew Saul: “I want you to hear directly from me how the COVID-19 pandemic is affecting our services. The first thing you should know is that we continue to pay benefits.”
For anyone who already has a scheduled appointment at a local office, the SSA says it will contact you to conduct the appointment over the phone instead.
A recent study by the Social Security Administration found that almost 25% of married couples and close to 50% of individuals heavily rely on their monthly checks, using them for 90% of their income in retirement.
Analyst: “We’re projected to have about $1.3 trillion in payroll tax revenues come in this year, and so that would be incredibly costly.”
Thanks to growing income inequality, today only about 80% of people earn below the $137,700 limit.
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