Social Security Recipients Shouldn't Expect a "Raise" in 2021

This has been a terrible year for the U.S. economy and labor market. More than 36 million people have filed for initial unemployment benefits over an eight-week stretch, with the U.S. economy's record-long expansionary streak coming to an unceremonious end -- and the spread of the coronavirus disease 2019 (COVID-19) is wholly to blame.

But it's not just the U.S. economy that's threatened by the proliferation of the coronavirus. The more than 64 million people currently receiving Social Security benefits (over 80% of which are senior citizens) could be in for a rude awakening come October.

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Source Fool.com