Here's Why Oct. 10 Is Social Security's Most Important Day of the Year
Every month, Social Security divvies out nearly 64 million benefit checks, many of which wind up in the hands of retired workers. More than 3 out of 5 of these retirees lean on their benefit to account for at least half of their monthly income, with at least one analysis finding that over 15 million retired workers are pulled out of poverty as a direct result of this guaranteed payout. Suffice it to say that Social Security is very well our nation's most valuable social resource.
That's what makes next week so important. On Thursday, Oct. 10, 2019, these nearly 64 million beneficiaries are going to learn just how big of a "raise" they'll be receiving next year.
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Source Fool.com