Social Security Checks Are On Pace to Rise $150 Per Month In 2023
Whether you realize it or not, Social Security is, or will likely be, a vital income source during retirement. It's responsible for pulling nearly 22.5 million people out of poverty every year, and close to 90% of retired workers lean on their monthly payout, to some degree, to make ends meet.
With Social Security playing such a critical role in the financial well-being of current and future aged Americans, there's arguably no announcement more anticipated each year than the cost-of-living adjustment (COLA).
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Source Fool.com
