Social Security's 2021 Raise Will Be the Lowest Since 2017

Christy Bieber, The Motley Fool
·3-min read
Social Security's 2021 Raise Will Be the Lowest Since 2017
Social Security's 2021 Raise Will Be the Lowest Since 2017

To make sure seniors don't lose buying power, periodic cost of living adjustments (COLAs) occur in years when the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) shows a year-over-year increase. Unfortunately, the COLA adjustment for 2021 will result in seniors receiving only a 1.3% raise.