Social Security’s maximum benefit is skyrocketing to $4,555 per month in 2023, up $361 from the 2022 maximum. If you haven’t worked for at least 35 years, you’re probably not on track for it. Only high earners achieve the maximum Social Security benefit in 2022. You can still use the information above to boost your benefits if you’re not claiming yet. Starting in January, you’ll automatically receive your new, larger checks that will hopefully help ease the pain of inflation a little. There is a silver lining: If you’re already receiving Social Security, you can look forward to an 8.7% increase next year without lifting a finger. And if you’ll be getting your new checks starting in January. . . .
Read more at www.fool.com