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Diet COLA for Social Security in 2020?

| October 17, 2019
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Diet COLA for Social Security in 2020?

The cost of living adjustment for Social Security in 2020 will be 1.6%, as compared to the 2.8% adjustment in 2019 and is the lowest amount since 2017. The 1.6% COLA will begin in January 2020, boosting the average Social Security retirement benefit by about $32 per month. Source: ssa.gov

This information is provided for educational purposes only and not as specific advice for any individual.

Seek professional advice before taking any action in regard to your finances.

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