Good News for Retirees: Changes to Social Security, Medicare, and Tax Brackets Are Coming in 2023
High inflation has rocked the U.S. economy this year, driven in large part by events that happened during the depths of the pandemic. Low interest rates, stimulus checks, supply chain disruptions, and geopolitical conflict have all conspired to send prices soaring.
While many Americans have been adversely affected, high inflation has been especially challenging for retired workers, most of whom live on less than half of their pre-retirement income, according to Goldman Sachs.
Fortunately, big changes to Social Security, Medicare, and the federal income tax brackets could bring some financial relief next year. Here are the important details.
Source Fool.com
