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Social Security Benefits Will Increase 1.3 Percent in 2021 Based on Cost-of-Living Adjustment

The following message is from the Social Security Administration on 10/13/2020: Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in 2021, the Social Security Administration announced today. The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries …

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