Whatever Happened to the Bill That Would More Than Double Social Security's 2021 COLA?
Whether you're retiring soon or plan to do so decades from now, you'll probably rely on Social Security.
In April, national pollster Gallup released data on an annual survey it conducts of nonretirees and retired workers receiving benefits. It found that a combined 89% of retired workers rely on Social Security as a major or minor source of income. Meanwhile, an all-time record 88% of nonretirees expect to lean on Social Security to some degree during retirement.
There are few events more important to Social Security's tens of millions of beneficiaries than October's annual cost-of-living adjustment (COLA) announcement by the Social Security Administration.
Source Fool.com
