One of the biggest misconceptions about Social Security is that everyone is entitled to benefits once they reach a certain age. But Social Security is something you have to earn. And commonly, the way to earn it is to accumulate enough work credits in your lifetime.

The value of a work credit for Social Security purposes tends to change from one year to the next. Right now, for example, it takes $1,640 of earnings to earn a single work credit. In 2024, it will take $1,730 in earnings to earn a single work credit.

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Source Fool.com