7 Changes to Social Security in 2018
Though debatable, Social Security can be called the most important social program in the United States. As of August, 61.5 million people were receiving benefits and more than 42 million of those folks were retired workers. Many of these retired workers -- 62% to be exact -- count on their monthly stipend from the Social Security Administration (SSA) for at least half of their income.
Put plainly, there's no more important time of the year for Social Security beneficiaries than mid-October. You see, in mid-October, the SSA announces its annual changes to Social Security. Just as the U.S. economy isn't static, neither are the payment, tax, and qualifying guidelines that are tethered to Social Security. With the SSA releasing its adjustments this past week, let's take a look at the seven biggest changes to Social Security in 2018.
Image source: Getty Images.
Source: Fool.com
