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Annex Team

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Poll: Social Security Beneficiaries – How Much of a COLA Raise Do You Expect?

Oct 1, 2020

Over 46 million Social Security beneficiaries are retired workers, with data from the Social Security Administration showing that 62% of retirees leaning on their payout to account for at least half of their monthly income. October will unveil the program’s cost-of-living adjustment, or COLA. COLA is the “raise” that beneficiaries receive to account for the inflation they’re contending with.

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