A whopping 97% of retired Americans say they've noticed inflation's effect on their expenses, according to a 2022 survey from The Motley Fool, and 85% of those respondents say that inflation is stretching their budget.

Social Security can be a significant source of income, particularly during tough economic times. But the program is on track to face some big changes in 2023, and these changes will affect your benefits in some way or another. Here's what you can expect starting in January.

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Source Fool.com