3 Changes to Social Security You Probably Didn't Know
Millions of seniors today rely heavily on the monthly benefits they get from Social Security. And while you might be many years away from getting to collect those benefits yourself, it's still important that you stay apprised of Social Security changes. Here are a few key items of note that may not have hit your radar.
Each year, Social Security recipients are eligible for a cost-of-living adjustment, or COLA, to help them maintain their buying power in the face of inflation. In 2023, seniors on Social Security received an 8.7% COLA -- the most generous raise to arrive in years. But 2024's COLA is shaping up to be considerably smaller, thanks to cooling inflation.
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Source Fool.com
