Your Social Security – Social Security Benefits Increase in 2021

Jane Burigsay Courtesy: Social Security Administration Nearly 70 million Americans will see a 1.3% increase in their Social Security benefits and Supplemental Security Income payments in 2021. Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price Index or CPI-W (ssa.gov/oact/STATS/cpiw.html). The CPI-W rises when inflation increases, leading…