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Tag Archives: cost

Social Security Beneficiaries To Receive ‘Extremely Small’ Cost Of Living Adjustment

The Social Security Administration announced a 1.3% cost of living adjustment (COLA) for 2021Tuesday, increasing the amount the program’s 64 million recipients will receive. However, the adjustment will not amount to much. The average monthly benefit people in the program receive will increase by just $20 a month from $1,523 to $1,543. The COLA adjustment…

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