4 Social Security Changes Retirees Need to Know About in 2024
Sometimes, even a program that's been around for decades, like Social Security, can change from one year to the next. And it's important to stay apprised of those changes, whether you're someone who's getting benefits or you're someone whose wages are being taxed to fund the program. With that in mind, here are a few major Social Security changes that have taken place this year.
Social Security benefits are eligible for an annual cost-of-living adjustment (COLA). The purpose of COLAs is to help ensure that seniors are able to retain their buying power as inflation makes life more expensive.
Image source: Getty Images.
Source Fool.com
