Here's how your Social Security cost-of-living adjustment is calculated – and what it could look like in 2021
January 15, 2020 at 13:28 PM EST
Retirees living on fixed budgets count on one change every year: Social Security's annual cost-of-living adjustment. In 2020, beneficiaries got a 1.6% increase to their checks. New estimates point to how much next year's boost may be based on current data.