An increase of the minimum wage to $15 could help today’s young workers when they finally claim Social Security benefits decades from now, while also increasing revenue for the Social Security program today. Such workers could see a benefit that is up to about $5,000 higher each year in retirement than they would receive based on today’s federal minimum wage of $7.25 per hour…

Original Article Posted at : https://www.moneytalksnews.com/what-a-15-minimum-wage-means-for-social-security/