They are part-time workers who struggle to earn enough money to get the maximum number of credits. This year it will cost $1,470 in earnings to get a single work credit, or $5,880 to score the maximum four credits you can get in one year.
In 2022, you must earn $1,510 to get a job credit, or a total of $6,040 to qualify for four job credits. And if you only work a few hours a week, you may not meet that goal. If so, consider ramping up your hours or fighting for higher wages — whatever it takes to put yourself in an income bracket high enough to get the work credits you’re looking for.
One thing to keep in mind is that you only need 40 working credits in total to qualify for social security later on. This means that you don’t necessarily have to earn four credits per year. For example, you can earn two credits per year in 20 years if a very part-time work schedule best suits your lifestyle. But if you’re nearing retirement and haven’t built up your 40 credits yet, you may want to take on extra hours or pursue a more lucrative job if you’re concerned that you don’t have enough work credits to qualify for benefits.
Other ways to collect Social Security
You may not be able to build up 40 work points in your life. If so, it does not necessarily mean that you are not entitled to an income from social security.