People receiving Social Security will get a small raise next year. The cost-of-living adjustment (COLA) for 2021 has been announced, and it will be 1.3%.

Social Security beneficiaries will be getting a little more money in 2018. The Social Security Administration has released its Cost-of-Living Adjustment (COLA) for 2018. It’s based on the Consumer Price Index (CPI-W) between the third quarter and 2016 and the third quarter of 2017.