Attention, Social Security Recipients: Here's What Your Next Raise Might Look Like
The average senior on Social Security today collects $1,471 a month, which amounts to $17,652 a year. That's not a ton of money, given the expenses retirees face, from mounting healthcare costs to basics like housing, food, and transportation.
Yet 21% of married seniors and 45% of unmarried seniors depend on Social Security for 90% or more of their income. It therefore stands to reason that millions of retirees are anxious to learn what their cost-of-living adjustment, or COLA, will look like for 2020.
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Source Fool.com
