4 Potential ‘Silver Linings’ for Seniors in 2023

Struggling seniors have had a lot to worry about in 2022. There’s some good news for 2023, though, that may make life a little easier, such as a Social Security raise.

An older couple sits on the sofa and smiles about the outlook for seniors.
(Image credit: Getty Images)

2022 has been a tough year for many seniors, but the outlook for 2023 shows some potential “silver linings.”

This year, constantly rising prices, the war in Ukraine, a roller-coaster stock market and concerns about job security have made many older Americans who thought they had nothing to worry about financially start questioning their long-term financial security.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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David Jaeger, CFP®
Financial Adviser, Canby Financial Advisors

David Jaeger, CFP®, is a financial adviser at Canby Financial Advisors in Framingham, MA. David enjoys learning about each client’s unique situation and specific goals so that he can work with them to provide clarity and relieve stress. He earned his BA in History from Loyola University Maryland.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.