Social Security is a vital source of income for millions of retirees, and many workers will one day depend on benefits. Yet Americans consistently score poorly on quizzes assessing their knowledge of Social Security, including aspects of the program that impact their income on an annual basis.

For instance, Social Security benefits will get a cost-of-living increase in 2024, and some workers will pay more taxes into the Social Security program. But a recent survey from Nationwide Retirement Institute found that both changes could surprise many Americans.

Read on to learn more.

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Source Fool.com