Social Security benefits to receive 1.6% increase for 2020
Recipients of Social Security and Supplemental Security Income (SSI/SSI Disability) benefits for nearly 69 million Americans may notice an increase of their benefits for 2020, according to the Social Security Administration. A cost-of-living adjustment of 1.6 percent is set to be added to benefits payable to more than 63 million Social Security beneficiaries beginning in January 2020. Increased benefits to more than 8 million SSI recipients will begin on December 31. (Please note that some people receive both Social Security […]
