The 68 million Americans who rely on Social Security will receive a 1.6% bump in their benefits in 2020.

To view a copy of the SSA COLA Fact Sheet, visit the SSA web site at

The same is true for veterans' benefits subject to COLA. Read more:

Social Security benefits will be effective beginning with the December 2019 benefits, which are payable in January 2020. This means the increase starts in January 2020. 

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