2020 Social Security Changes: Everything You Need to Know

Tens of millions of people rely on Social Security to make ends meet in retirement. In addition, millions more family members count on Social Security benefits that they earn because of the death or disability of a loved one. All told, Social Security is a trillion-dollar program with huge implications for its participants and the entire U.S. economy.

But as important as Social Security is for those who receive benefits, it's not an unchanging program. Each year, Social Security participants see changes to the program. It's true that most of the annual adjustments that Social Security makes are small and not particularly significant. But with so many people counting on the program, it's important to avoid even minor surprises that could affect your ability to get by financially. Below, we'll go through the 2020 changes to Social Security that everyone should know about .

Source Fool.com