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The Good News and the Bad News on 2024 Social Security Changes

Social Security beneficiaries are looking forward to the 3.2% cost-of-living adjustment and, despite its comparison to the 2023 8.7% bump, the fact that it shows evidence that the brutal inflation of the past three years may be lessening. For those working, however, here are two not-so-pleasant changes coming their way…the increase in taxable maximum earnings and the increase in the earnings required to establish work credits. A post today by The Motley Fool’s Maurie Backman provides additional background…check it out here.

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