Here's How Much the 2021 Social Security Raise Could've Been Under This Biden Plan

Here's How Much the 2021 Social Security Raise Could've Been Under This Biden Plan

In 2021, Social Security retirees are getting a cost-of-living adjustment (COLA), better known as a Social Security raise. The bad news is, it's the smallest COLA since 2017, and retirees will get only a 1.3% bump in their benefit. President-elect Joe Biden is one of them.