Dana George - Profile and Journalist Details
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Dana George
Verified
Freelance Correspondent, The Motley Fool (U.S.)
Kansas City
Beats
economics politicsFinance business and misinformation.
I don't expect to cover any articles that are not in my niche.
Content
By Dana George Verified| USA Today Verified For anyone who depends on Social Security to pay bills (and millions of Americans do), a 21% cut in benefits may be devastating. Even if someone works for years to maximize their monthly benefit, a reduction is sure to impact their everyday budget. Yet, cuts are on the horizon if Congress can't agree on a plan to shore up theOld-Age, Survivors, and Disability Insurance (OASDI) program before the trust runs dry.
By Dana George Verified| USA Today Verified As long as they have a qualifying work history, billionaires collect Social Security benefits like everyone else. But not precisely like everyone else. The average American on Social Security in 2025 receives $1,976 per month. Presuming a billionaire's income is from earned wages, it's likely that they'll receive something close to $5,108, the maximum Social Security monthly benefit available.
By Dana George Verified| USA Today Verified For anyone who depends on Social Security to pay bills (and millions of Americans do), a 21% cut in benefits may be devastating. Even if someone works for years to maximize their monthly benefit, a reduction is sure to impact their everyday budget. Yet, cuts are on the horizon if Congress can't agree on a plan to shore up theOld-Age, Survivors, and Disability Insurance (OASDI) program before the trust runs dry.
Company Info
The Motley Fool (U.S.)
Kansas City, United States