Next Year's Social Security Raise Could Be Half the 2020 Increase
Social Security cost-of-living adjustments (COLAs) are essential to seniors who rely on retirement benefits. Unfortunately, while COLAs usually aren't very big, next year's raise could be an especially small one.
In fact, an analysis by the Senior Citizens League suggests that seniors could be in for half the benefits boost in 2021 compared with the raise they got in 2020.
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Source Fool.com