Social Security COLA Higher Than Forecast Expectations

Social Security COLA Higher Than Forecast Expectations

Nearly 70 million Social Security and Supplemental Security Income (SSI) beneficiaries can expect a 3.1 percent increase beginning January 2021, according to a Social Security Administration  (SSA) announcement on Oct. 13, 2020. In August, forecasters thought the cost of living adjustment (COLA) would be between 0.50 and 1 percent. David Certner, AARP’s director of legislative […]