3 Huge Social Security Changes Coming in 2024 That May Surprise You
Social Security is a vital source of income for millions of Americans, and millions more will come to depend on benefits in the future. The program plays a particularly pivotal role in keeping retired workers out of poverty, but it also provides financial security to spouses, survivors, and disabled workers. So current and future beneficiaries should make an effort to stay informed.
Unfortunately, two recent surveys hint at large knowledge gaps across the American populace. The first survey was conducted by Nationwide Retirement Institute, and it included 1,806 adults from four generations: 300 from generation Z, 500 millennials, 504 from generation X, and 502 baby boomers. The second survey was conducted by MassMutual, and it included 1,500 adults nearing retirement age (i.e., aged 55 to 65).
Based on those surveys, many Americans may be surprised by these three changes coming to Social Security in 2024.
Source Fool.com
