Social Security's buying power has been declining for decades, but rarely have seniors felt it as much as they have this year. Record inflation has made pretty much everything more expensive, and that's made life extremely difficult for those who have little to no personal savings to supplement their checks.

But there's some good news coming in 2023. The government has announced a change that may help ease the pain for those who depend on Social Security, along with two others that will affect those who are still working. Here's the scoop on all three of these big changes.

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Source Fool.com