The Biggest Social Security Change in 2018 Is Flying Under the Radar
For tens of millions of Americans, Social Security is a financial lifeline that they simply couldn't live without. Data from the Social Security Administration finds that of the more than 42 million retired workers currently receiving a monthly stipend, a third count on their check for at least 90% of their income, with 62% as a whole relying on Social Security for at least half of their income.
For these beneficiaries, no month on the calendar is seemingly more important than October, which is when the SSA releases its inflationary updates to a number of key figures that pertain to both workers and retirees. In 2018, Social Security will certainly look a bit different for most people.
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Source: Fool.com
