The 2021 COLA will increase social security benefits admin | October 14, 2020 | Business | No Comments The Social Security Administration will boost benefits by 1.3% in 2021. The cost-of-living adjustment is less than the 1.6% hike in 2020 and one of the lowest increases Social Security has ever had. The change will equal about $240 per year for the average retired worker. Check out this video to see how much cash the move will mean for your benefits and to see how the increase compares with other changes in the past. More from Invest in You:How Walmart and other big companies are trying to recruit more teenage employeesAmericans are more in debt than ever and experts say ‘money disorders’ may be to blameHow much money do you need to retire? Start with $1.7 million Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns. Source link Related Posts Asian economies stand to win some and lose some as Covid accelerates a shift in supply chains: Moody’s No Comments | Aug 11, 2020 Trump International Hotel Washington DC sale put on indefinite hold No Comments | Nov 20, 2020 rhea chakbraborty: Sushant S Rajput death: ED summons Rhea Chakraborty on Friday, agency looking at costly, real-estate purchases in Mumbai done by her No Comments | Aug 5, 2020 A Guide to the Most Important Races No Comments | Sep 11, 2020 About The Author admin Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment:*Name:* Email Address:* Website: Save my name, email, and website in this browser for the next time I comment.