SSA 2020 Cost of Living Adjustment (COLA)

The 68 million Americans who rely on Social Security will receive a 1.6{702b1bfd3fca8adb5d701d518597787f476258323f3a38e5dba1f0e3529aa4aa} bump in their benefits in 2020.nTo view a copy of the SSA COLA Fact Sheet, visit the SSA web site at https://www.ssa.gov/news/press/factsheets/colafacts2020.pdfnThe same is true for veterans’ benefits subject to COLA. Read more: https://militarybenefits.info/cola-increase-watch/#ixzz629Q3LgZgnSocial Security benefits will be effective beginning with the December 2019 benefits, which are payable in January 2020. This means the increase starts in January 2020.