If you’re among the nearly 70 million people receiving Social Security benefits, you might be wondering what, if any, cost of living adjustments (COLA) you'll receive in 2021.
The government won’t officially announce the next COLA until October, but experts are predicting a small raise or none at all.
“It's really tough to say what Social Security's COLA may be for 2021, given that we're in uncharted territory with the economy at the moment,” said Jim Blankenship, author of "A Social Security Owner's Manual."
Social Security's general benefit increases have been based on increases in the cost of living, as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
https://www.usatoday.com/story/money...ts/5510309002/