Social Security Benefits Up in 2020…measly 1.6%

For those receiving Social Security Benefits, we have some good news and some bad news for you.

Here is a link to an article that tells us that the retirees can expect an increase in benefits next year.  https://seniorsleague.org/social-security-benefits-increase-by-just-1-6-in-2020/

thumbs down image

The bad news is that the increase will be 1.6%. Here is an excerpt from the article:

Just as we forecast, the Social Security cost-of-living adjustment (COLA) for 2020 will be considerably lower than the 2.8 percent COLA received this year.  The Social Security Administration recently announced that the 2020 COLA will be 1.6 %.  That would raise an average retiree benefit of $1,460 by about $23.40 per month — far less than $40.90 received in 2019.”

(LFC Comments: Senior taxpayers beware:  You are going to need every increase you can get in 2020, because as sure as the sun comes up in the morning there will be more property tax levies on the ballot next year.  More school levies, and it is rumored that Lakeland Community College is refining their sales pitch to place another levy on the ballot on 2020……we hope they try to go for a continuous levy.)

 



Categories: Lake, Uncategorized

Tags:

8 replies

  1. 808879 128295Hi! I discovered your site accidentally today, but am really pleased that we did! Its not only entertaining, but in addition straightforward to make use of in contrast to lots that Ive viewed! 260528

  2. 503646 572223You made some decent points there. I looked on the web for the dilemma and discovered most individuals will go coupled with along together with your internet site. 818262

  3. 571541 833009OK first take a very good appear at your self. What do you like what do you not like so considerably. Work on that which you do not like. But do not listen to other folks their opinions do not matter only yours does. Function on having the attitude that this really is who you are and if they dont like it they can go to hell. 239106

  4. 229025 531527Do you mind if I quote a couple of your posts as long as I give credit and sources back to your web site? My blog is inside the exact same location of interest as yours and my visitors would truly benefit from some with the details you provide here. Please let me know if this ok with you. Thanks! 341656

  5. 91884 62706Gnarly write-up mate, keep the good work, just shared this with ma friendz 488105

  6. 585492 514666Thank you for this fantastic post! It has long been incredibly valuable. I wish that you will carry on posting your expertise with us. 538972

  7. 736013 677297Jane wanted to know though your girl could certain, the cost I basically informed her she had to hang about until the young woman seemed to be to old enough. But the truth is, in which does not get your girlfriend to counteract employing picking out her extremely own incorrect body art terribly your lady are typically like me. Citty design 830616

  8. 342449 137666Someone essentially assist to make severely posts I might state. That is the really initial time I frequented your website page and so far? I surprised with the analysis you made to create this certain submit incredible. Magnificent task! 762542

Leave a Reply

Your email address will not be published.

%d bloggers like this: