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%.
The government announced today that Social Security recipients and federal retirees will receive a cost-of-living adjustment (COLA) increase of just 0.3 percent in 2017. The increase will take effect on Dec. 30, 2016.
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Topics: COLA increase, social security
