Social Security Announces 1.6 Percent Benefit Increase for 2020

News Release SOCIAL SECURITY Written By Mark Hinkle, Acting Press Officer, SSA Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6 percent in 2020, the Social Security Administration announced today. The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 63 million Social Security…