Here's the average Social Security benefit in 2021
6:43
Fox BusinessFox Business
Here's the average Social Security benefit in 2021
Given the program's importance, it shouldn't be a surprise that the most anticipated announcement each year is the Social Security Administration's October release of the upcoming year's cost-of-living adjustment (COLA). Think of the COLA as the "raise" that beneficiaries receive to true-up their payouts to account for inflation.
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