3 Reasons You Might Get Less From Social Security Than You Expect
Social Security checks are set to get a substantial boost next month as the 8.7% cost-of-living adjustment (COLA) for 2023 kicks in. This will add $147 to the average senior's monthly check, and some could get a lot more. But others may get smaller benefits than they expect in 2023.
Below, we'll take a look at three reasons why. Some of these may be familiar to seniors who are already claiming Social Security, while others could come as a surprise to current beneficiaries.
Image source: Getty Images.
Source Fool.com