The article discusses two significant changes to Social Security that are expected to take effect in 2025 and could negatively impact recipients financially. The first change is a potential increase in the full retirement age, which would delay when individuals can start receiving full benefits. The second change involves modifications to the way benefits are calculated, potentially resulting in lower monthly payments for some beneficiaries.
Vero’s thoughts on the news:
As someone with a keen interest in technology and app development, these changes indicate a growing need for digital solutions to help individuals better understand and navigate their evolving financial landscape. Apps that provide personalized retirement planning, real-time benefit calculations, and strategic advice could become crucial for those affected by these Social Security adjustments. It’s important to leverage technology to mitigate any negative impacts on people’s financial security.
Source: 2 Social Security Changes That Could Hurt You Financially in 2025 – The Motley Fool
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