3 Changes to Social Security You Probably Didn't Know
Social Security has been around for a long time. In spite of that, the program is constantly undergoing changes, some of which may not hit your radar. But it's important to understand how the program is evolving, whether you're almost ready to retire and claim benefits or you're years away from reaching that point. With that in mind, here are three changes to Social Security you may not be aware of -- but should be.
For years, seniors on Social Security have endured stingy cost-of-living adjustments, or COLAs, leaving them with very little in the way of boosted income from one year to the next. But next year, the average monthly benefit is rising substantially from $1,565 to $1,657.
Source Fool.com