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Why your Social Security check could shrink by nearly 20% - and more if jobs are scarce Provided by Dow Jones Jun 29, 2025, 12:59:00 PM ...

You can earn up to $23,400 for the year, or $1,950 per month, with no impact to your benefits. Beyond that, $1 of your Social Security benefits can be withheld for every $2 in earnings.

Also, not all jobs are eligible for Social Security benefits. Examples of these ineligible jobs include federal government workers hired before 1987 who are part of the Civil Service Retirement ...

The decrease was not driven by Americans earning less, but was instead attributed to a reduction in Social Security payments.

Although Mr. Trump has vowed not to touch Social Security, his administration is has cut the agency's staffing to 50,000 workers, down from its current level of about 57,000 workers.

Senate Minority Leader Chuck Schumer was joined by local officials to announce a new bill aimed at protecting Social Security jobs.

Instead, Social Security beneficiaries would see a cut of between 19% to 23% to their benefits, the report said. The current average Social Security benefit for a retiree stands at $1,976, which ...

In 2025, the government will withhold $1 in Social Security benefits for every $2 you earn above $23,400. Those who will reach their full retirement age in 2025 can earn up to $62,160 before the ...

And although Social Security payments are called "entitlements," Armstrong notes that they are earned. "We all paid into those things. In my case, 42 years now," he says.

Suspending Social Security after full retirement age can raise monthly benefits by up to 26.7%, offering big gains for those who can delay.