Social Security's Largest Raise Since 1982 Comes With Bad News for Retirees
Inflation rocketed to a four-decade high this year, so Social Security benefits will get an unusually large 8.7% COLA (cost-of-living adjustment) in 2023. That ranks as the largest raise for retired workers since 1982 and the fourth-largest raise in history. While that certainly qualifies as good news, the historic COLA may come with two unpleasant surprises.
Here are the details retired workers need to know.
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Source Fool.com
