There's Some Bad News About 2023's Big Social Security Raise
Retirees on Social Security are going to get a huge benefits increase in 2023. Their monthly checks will rise by 8.7%. This benefits increase is the biggest annual increase in retirement payments in the last four decades.
Seniors may be excited to see their payments go up so much. But there's some really bad news about this benefits bump that needs to be considered before you start counting your extra pennies.
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Source Fool.com
