Social Security Cost Of Living Increase 2021

Social Security Cost Of Living Increase 2021. The social security administration just announced the 2021 social security cost of living adjustment (cola) and it is a modest 1.3%. Average ss/ssi recipients will see a $20 per month increase in benefits.

With the increase the estimated average social security payment for a retired worker will be $1,657 a month next year. The social security administration (ssa) announced on oct.