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Kiss Your 11% Social Security Increase Goodbye

TheMotleyFool

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Kiss Your 11% Social Security Increase Goodbye: https://g.foolcdn.com/editorial/images/700282/two-people-with-stunned-expressions-looking-at-laptop.jpg

How big will the upcoming Social Security increase be? The predictions gaining the most attention speculated that the cost-of-living adjustment (COLA) could approach 11%. There hasn't been a COLA that large since 1981.

But the lofty predictions didn't factor in data released by the U.S. government just a few days ago. And the numbers don't lie: You can kiss your 11% Social Security increase goodbye.

Image source: Getty Images.

Source Fool.com

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