Social Security Checks To Go Up 1.6%

Personal, Personal Finance September 12, 2019September 12, 2019 Chuck Berry
Like
Like Love Haha Wow Sad Angry
4

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.

Read more at foxbusiness.com

 

What Are Your Thoughts?

comments

Related posts:

  1. Historically Low Raise to Social Security to Take Effect
  2. Should You Take Social Security At 62?
  3. Social Security Will Run Out In 2035
  4. Social Security Needs To Be Fixed Not Left Alone

Sharing

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!