3 Changes to Social Security You Probably Didn't Know
Since inflation has come back onto the global stage, getting the most out of Social Security is going to be especially important for those in and approaching retirement. Upcoming changes to Social Security stand to be some of the most impactful in years, and you're more likely to see a higher check if you clearly understand how the game works.
Here are three key changes to Social Security, all of which you might find surprising.
The annual cost-of-living adjustment, or COLA, for 2023 will be 8.7%, the largest adjustment since 1981 (when retirees saw an 11.2% increase in benefits). This comes as no surprise given inflation's recent spike and continued persistence.
Source Fool.com
