Retirees who count on Social Security checks for income might be disappointed when the annual cost-of-living adjustment is announced next month. One group estimates 2021 benefits might go up by 1.3%, one of the lowest increases in recent years.
There's about a month to go before the Social Security Administration officially announces its cost-of-living adjustment for 2021.
That could be tough news for retirees who are already grappling with rising costs amid the Covid-19 pandemic. And seniors who rely on those monthly checks in retirement might be in for disappointment, based on recent data.
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