4 Changes to Social Security You Probably Didn't Know
Though Social Security has been around for decades, the program still has the potential to change from year to year. These changes that took effect in 2021 may not be obvious to everyone, but you should know about them nonetheless.
Each year, Social Security beneficiaries are eligible for a cost-of-living adjustment, or COLA. COLAs aren't guaranteed. Rather, each year, inflation data is analyzed to determine if benefits should increase so that seniors are able to maintain their buying power.
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Source Fool.com
