Social Security Benefits: The Good and Bad News for Retired Workers in 2023
Social Security is a major source of financial well-being in retirement. Nearly 49 million retired workers received benefits in January, and about half of people aged 65 and older get at least 50% of their family income from Social Security. Given its importance, retired workers should try to stay informed on the program, and there have been several big changes already this year. Inflation scorched the U.S. economy last year, driving up the cost of gasoline, groceries, and other necessities...