Goodbye to Social Security benefits – The list of retirees who will no longer receive payments from Social Security

Oct. 9, 2024 - La Grada EN

In 2024, Social Security payments will reach around 64 million people across the country, helping to ensure financial stability for these individuals. According to the Social Security Administration (SSA), a small but significant portion—3.

3% of seniors—will never receive any benefits. Their contributions to Social Security often fall short of the minimum required for eligibility due to their shortened working careers.

While Social Security benefits provide a crucial buffer for many retirees, those without access to these payments are much more likely to face financial hardship. Social Security payments increase by 8% each year they are postponed, offering a tempting option for those looking to boost their retirement income.

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