In Wisconsin, more than 1.2 million people receive monthly Social Security retirement checks, while more than 100,000 people are on the SSI program.

A 2.5% cost-of-living adjustment increase will mean an extra $50 a month for most Social Security and SSI recipients.

Understanding the latest changes in Social Security can help you plan for your future. Most of the changes are minor, but there are some that retirees should especially note. For many retirees, Social Security is a critical pillar of financial stability.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The New Year is fast approaching and it will bring big Social Security changes for both current and future retirees.