There's little question that Social Security is our nation's most valuable social resource. Of the nearly 64 million beneficiaries netting a monthly payout, over a third are being lifted out of poverty, with more than 15 million of these folks being retired workers.

Big changes are headed Social Security's way in 2020

However, Social Security is also a dynamic program. Each and every October the Social Security Administration releases its "Fact Sheet" that provides updates on everything from what beneficiaries will be paid in the upcoming year to what it takes to qualify for a benefit.

The following is a roundup of the seven biggest changes to Social Security in 2020.