Those who receive social security checks will see their payments increase for cost of living adjustment at the beginning of the new year.
FLORIDA COMMUNITY?WE’LL TAKE A LOOK AT THAT IN OURNEXT HALF HOUR.AMERICANS WHO RECEIVE SOCIALSECURITY WILL SEE A SMALL BUMPIN THEIR MONTHLY CHECKS STARTINGIN JANUARTHE SOCIAL SECURITYADMINISTRATION SAYS THE PAYMENTSWILL GO UP BY ONE-POINT-THREEPERCENT, TO ACCOUNT FOR THERISING COST OF LIVINGTHAT MEANS THE AVERAGE MONTHLYCHECK WILL INCREASE BYTWENTY-DOLLARS, TO 15-HUNDRED-43BUCKS.THOSE WHO RECEIVE SOCIALSECURITY DISABILITY BENEFITSWILL SEE EXTRA 16-DOLLARS AMONTH.BUT FOR MANY SENIORS, THOSEAMOUNTS WON’T COVER THE GROWINGCOST OF GROCERIES AND OTHEEXPENSES.ACCORDING TO THE MOST RECENTCENSUS NUMBERS...20 PERCENT OFFLORIDA’S POPULATION FALLS
Social Security recipients will get a modest 1.3% cost-of-living-increase in 2021, one of the smallest-ever increases, due to low..