Attention, Baby Boomers: This Little-Known Social Security Clause Can Meaningfully Increase Your Monthly Payout
For most retirees, Social Security doesn't just provide a check they'll receive each month. Rather, this income serves as a much-needed financial foundation that allows seniors to meet their obligations.
According to an analysis from the Center on Budget and Policy Priorities, America's leading retirement program was responsible for pulling 22.7 million people above the federal poverty line in 2022, including 16.5 million adults aged 65 and over.
Furthermore, 23 years of annual surveys from national pollster Gallup have found that between 80% and 90% of retirees lean on their monthly Social Security check, in some capacity, to make ends meet.
Source Fool.com
