Here’s a rundown of four shifts to Social Security benefits you can prepare for ahead of the holidays, largely due to inflation and wage trends.

The U.S. Senate recently voted to proceed with the Social Security Fairness Act, a bipartisan bill that could expand Social Security benefits for nearly 3 million Americans. The bill passed in the House of Representatives in November and is now on its way to President Biden's desk.

A study published by the National Bureau of Economic Research in November 2022 found that 90% of workers ages 45 to 62 would maximize their Social Security by claiming benefits at age 70. Yet, less than 10% of newly awarded retirees actually waited that long in 2023, and the percentage is similar in prior years.

The Social Security Administration announced in October that the cost of living adjustment will be two points and five percent next year.

Nearly half a million retirees and thousands of others in Mississippi are set to see increases to their Social Security benefits in the new year.

The Social Security Administration is planning on several changes in 2025, and for some, that means more money.

The Senate voted early Saturday morning to repeal two laws that prevent many public employees from receiving Social Security, a move that is expected to weigh on the overall solvency of the Social Security system.