“Social Security COLA Is 1.6% for 2020”

“Social Security COLA Is 1.6% for 2020,” by Bernice Napach, ThinkAdvisor

“The Social Security Administration announced a 1.6% cost-of-living adjustment in benefits beginning January 2020. The 2020 COLA is the smallest increase since 2017, when it was 0.3%. For the average Social Security recipient, collecting $1,461 a month, the increase amounts to about $23.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Wow, break out the champagne!