7 Changes to Social Security in 2022
Since being signed into law in 1935, Social Security has been tasked with providing a financial foundation for our nation's retired workers. Today, more than 65 million Americans receives a monthly payout, approximately 72% of which are retired workers. Additionally, nearly 22 million recipients are pulled out of poverty each year as a result of the program.
But Social Security is also dynamic. Every October, the Social Security Administration (SSA) releases a fact sheet detailing all of the changes to expect in the upcoming year. This past week happened to feature that announcement.
Here's a look at the seven biggest changes to Social Security in 2022.
Source Fool.com
