Here’s what’s happening with your benefits next year, 2020

Monthly benefits will increase…

Social Security recipients will get a 1.6 percent cost-of-living adjustment (COLA) in their monthly benefits starting in January. The average individual retired Social Security beneficiary is expected to see a monthly benefit jump from $1,479 to $1,503, an increase of roughly $24 per month or $288 for the year.

Article submitted by Pat France, MSRN Member