Social Security Cost-of-Living Increase In January

There's good news for those who are receiving Social Security retirement benefits.

There will be a cost-of-living benefit increase starting in January 2021.

From the Social Security Administration:

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in 2021.

For more details, go to the Social Security Administration website here.