Here's the 1 Social Security Change in 2023 That's Going to Hurt the Worst
The huge Social Security increase that's on the way within a matter of weeks is old news now. If you already receive Social Security benefits or aren't too far off from doing so, you almost certainly know that the cost-of-living adjustment (COLA) next year will be 8.7%.
However, there are other Social Security changes that won't help people financially. For example, a higher salary cap will be implemented for payroll taxes that fund the federal program. But here's the one Social Security change in 2023 that's going to hurt the worst.
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Source Fool.com