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2 Social Security Changes That Could Benefit You in 2023 -- and 1 That Might Cost You

Summary by Ground News
Social Security is subject to an annual cost-of-living adjustment, or COLA. The purpose of the COLA is to help seniors maintain their buying power as inflation drives the cost of living upward. Last year, Social Security recipients got their largest raise in decades. But that might pale in comparison to a COLA that comes through in 2023.

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The Motley FoolThe Motley Fool
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2 Social Security Changes That Could Benefit You in 2023 -- and 1 That Might Cost You

Get ready for what's coming down the pike.

·Alexandria, United States
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The Motley Fool broke the news in Alexandria, United States on Monday, August 8, 2022.
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