Here's How Much the 2021 Social Security Raise Could've Been Under This Biden Plan

Here's How Much the 2021 Social Security Raise Could've Been Under This Biden Plan
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In 2021, Social Security retirees are getting a cost-of-living adjustment (COLA), better known as a Social Security raise. The bad news is, it's the smallest COLA since 2017, and retirees will get only a 1.3% bump in their benefit. President-elect Joe Biden is one of them.