Social Security Checks To Go Up 1.6%

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As lawmakers are looking for ways to expand and preserve Social Security, Americans might be in for a smaller cost of living adjustment (COLA) next year.

According to a new estimate released by The Senior Citizens League on Thursday, the 2020 COLA is forecast to be a 1.6 percent increase – which would come out to about $23.40 per month for the average beneficiary.

That compares with the $40.90 beneficiaries received in 2019 from a 2.8 percent COLA.



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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!