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Social Security: 1 Drastic Change Coming in 2023

·3 min read
Social Security: 1 Drastic Change Coming in 2023

Next year will be monumental for seniors on Social Security, as there's one drastic change on the horizon. Later this year, the Social Security Administration will announce next year's cost-of-living adjustment, or COLA. This adjustment aims to help benefits keep up with naturally rising inflation so that your monthly checks maintain their buying power.