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Next Social Security raise could be low, and that’s not even the worst part

September 29, 2019

From the MSN website

Social Security’s cost-of-living adjustment, or COLA, likely won’t rise much next year, but retirees may not feel any change — especially a positive one — at all.

Social Security’s cost-of-living adjustment, or COLA, likely won’t rise much next year, but retirees may not feel any change — especially a positive one— at all.

The COLA for 2020 won’t be announced until next month, but one analyst expects just a 1.6% adjustment next year, down from 2.8% in 2019. Mary Johnson, the Social Security and Medicare policy analyst at the Senior Citizens League, a nonpartisan advocacy group for retirees, has been tracking COLA since 1996. She anticipated the 2.8% adjustment for last year the month before the Social Security Administration announced its COLA (and estimated correctly).

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Thanks to Gordon Lau for submitting this article for posting.

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