Every year, the Social Security administration uses nationwide data from the U.S. Bureau of Labor Statistics (BLS) to adjust and refine Social Security benefits for inflation and consumer activity - the cost of living at a certain financial standard, which changes progressively with time.
The annual Cost of Living Adjustment (COLA) for 2020 has been announced, and in this guide, we explain what the COLA means for you and your Social Security benefits.
In this free guide, you will learn:
- The 2020 Cost of Living Adjustment amount and what it means for your benefits
- How COLAs are calculated and applied
- Ways COLAs have drastically changed Social Security benefits in the past
- What you can do to make sure you get the full benefit amount you deserve
Our guide on the 2020 COLA contains all you need to know about the current adjustment rate and your Social Security benefits. To access the guide, fill out the form on this page today!