They say the only thing constant in life is change, and this is definitely true with Social Security.

The program is in a state of evolution. The serious economic conditions and concerns of seniors necessitate policy updates. Which changes can we expect next year?

The first is a big Cost-of-Living-Adjustment (COLA). While it looks impressive, there are questions about how it will stand up to rising prices. The wage base is also going up to cover the program’s shortcomings. This goes right along with higher max benefits and a higher earning limit.

Are you prepared for these and other Social Security changes? We’ll keep you updated about the state of these changes right here at NORA. Follow us on Facebook and Twitter for more.