3 Huge Social Security Changes Coming in 2024 That Seniors Must Know
Tens of millions of seniors rely on Social Security to make ends meet. About 88% of retirees said Social Security is a significant source of income in retirement, with a rising portion of those saying it was a major source, according to an annual Gallup poll.
Unfortunately, the future of Social Security is becoming increasingly uncertain. The most recent Social Security Trustee's Report estimates the fund's cash reserves will run out by 2034, a year earlier than previously expected. That's left many in Washington pushing for reforms to help extend that timeline.
With the current divide in Congress, it's unlikely we'll see any major Social Security reforms before the end of the year. But that doesn't mean seniors won't see major changes to their Social Security benefits next year. Here are three huge changes you need to know going into 2024.
Source Fool.com
