Why Social Security premiums are suddenly doubling

First, pensions have been rising. The Social Security Foundation adjusts pensions upward according to certain laws, and after expenses increase, income also needs to increase somewhat, or there will be certain problems;

Second, the existence of inflation. No matter how we control, inflation exists, and it is an irrefutable fact that money is becoming less and less valuable. Since money is increasingly worthless, then we need to pay more;

Third, the impact of the epidemic becomes smaller. When the epidemic came, the state in order to alleviate the pressure on all, social security costs appeared to a certain degree of decline, now the epidemic is alleviated, we need to pay less money last year to make up all the money back;

Fourth, the average wage increase. Perhaps our own income has not increased, but the average wage in this society is certainly rising, which will also contribute to the rise in social security costs.