When planning for retirement in the United States, there are several different factors to consider. The Social Security check is key to enjoying a good retirement and wonderful golden years. Therefore, the bigger our monthly check the more we will enjoy everything related to our golden years.
But it’s true that the rules for achieving a good retirement can change over the years. And in this coming year 2025 to get a work credit we will need to earn a little more money than in previous years. This rule is changing every year and it all depends on inflation and other factors.
In any case, if we are working, we will be able to reach, at some point, the credits needed to get the monthly Social Security benefit. But in the case that we only get the mandatory minimum we will not get a very large benefit. Still, we need to take a good look at what we need to get a monthly check large enough to cover our expenses.
Work Credits for a Social Security check in 2025
As of today, in 2024, it is possible to get a work credit with a salary of $1,730. In the case of seeking the full four credits, it is necessary to reach $6,920. This does not need to be in an exact month, since each citizen has a different income level.
But if we analyze this situation with that of the previous year 2023 we find that the payment is $90 more. Thus, in the previous year we needed $1,640 per month to get a work credit. This directly affects Social Security, so it is good to maximize this factor as much as possible.
Knowing that by next year 2025 work credits will be harder to get we just need to know exact figures. It is not possible to know right now what the salary amount will be in order to achieve each work credit, but what is certain is that we will have to earn a little more than $1,730, which is the current figure in 2024.
Those Americans who are planning their retirement should know that all credits earned before next year 2025 are still good for Social Security. In other words, just because the salary required to earn a work credit increases each year does not mean that previous work credits will disappear.