2020 Social Security Changes You Should Be Concerned About
Every day, thousands of baby boomers are reaching their retirement age. A report revealed the U.S. population age 65 or older has increased by at least 50 million people in the last ten years.1 With the growth of the retirement population, it has forced the government to redefine Social Security. Here are the major changes coming to the program in 2020:2 Beneficiaries will receive a “raise.” The cost-of-living adjustment (COLA) for 2020 will increase benefits by 1.6%, which is about an additional $24 for the average retired worker and nearly $20 for the average disabled worker per month. Full […]
