Social Security Announces 1.3% COLA For 2021, One of Lowest Ever Paid

Social Security recipients will receive an annual inflation boost of just 1.3% in 2021.  The increase is so small, it’s one of the lowest on record.  The 2021 cost of living adjustment (COLA) will increase the average retiree $1,523 benefit by about $20 per month to $1,543.  That increase is expected to be significantly offset, … Continue reading Social Security Announces 1.3% COLA For 2021, One of Lowest Ever Paid