Who's Ready for 6 Big Changes to Social Security in 2023?
Whether you're already retired or currently in the labor force, chances are that Social Security will play a key role in helping you make ends meet during your golden years.
Earlier this year, national pollster Gallup surveyed nonretirees and retired workers to get a sense of their current or expected reliance on Social Security income. Gallup's polling found that 89% of current retirees rely on their benefits as a "major" or "minor" source of monthly income. 84% of nonretirees expect to lean on Social Security income to some varied degree when they hang up their work coat for good.
Because Social Security plays such a vital role in the financial well-being of tens of millions of Americans, it's wise to pay close attention to the many changes in this dynamic program. Although 2023 will mark the first time in seven years that Social Security's full retirement age will remain unchanged, the upcoming year should bring six big changes.
Source Fool.com
