Social Security Changes Are Happening in 2024 -- but This Is Staying the Same and It Could Hurt You
In 2024, many things about Social Security will change. Retirees will get a 3.2% cost of living adjustment (COLA) that increases their checks. Higher earners will also be subject to more Social Security taxes, as there's been an increase in the amount of wages subject to these taxes. The amount that retirees under full retirement age can earn from work before they start to lose some of their benefits is also increasing.
All of these changes are important ones, and will alter the money that retirees and workers have coming in. But there's one thing that won't change -- and it could hurt many retirees.
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Source Fool.com
