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Social Security Benefits Will Increase in 2024, But It Likely Won't Be Enough

TheMotleyFool

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Social Security Benefits Will Increase in 2024, But It Likely Won't Be Enough: https://g.foolcdn.com/editorial/images/757624/w2-tax-form-and-social-security-cards-payroll-tax.jpg

Social Security will go down as one of the most important social programs in U.S. history. For millions of Americans, it's their financial lifeline in retirement, providing guaranteed income during people's golden years.

As we near the end of 2023, it's never too early to start understanding and planning for upcoming changes to Social Security and how much it may impact your planning. For more than 66 million Americans receiving Social Security retirement benefits in 2024, an increase to their monthly payout is on the way.

Source Fool.com

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