Social Security cost-of-living increase to raise benefits 1.6 percent in 2020
Originally published October 10, 2019 by USA Today
With a rapidly growing aging population, securing Social Security funds is now more crucial than ever. But how did we get here in the first place? (USA TODAY)
The 68 million Americans who rely on Social Security will receive a 1.6 percent cost-of-living increase in their benefits next year, the Social Security Administration announced Thursday. This is the lowest increase in three years. Advocacy groups criticized the amount as insufficient to keep up with rising prices
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