Billionaires are eligible for Social Security benefits regardless of their wealth, as eligibility is determined solely by age (minimum 62 years) and work history (40 quarters or 10 years of covered employment). Benefits are calculated based on the individual’s 35 highest-earning years, adjusted for inflation, allowing for some benefits even if the individual has not worked for 35 years.
Explain It To Me Like I’m 5: Billionaires can get Social Security money just like anyone else if they are old enough and have worked long enough, because how much money they have doesn’t change that.
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