A recent article fromCNBC says Social Security checks will likely increase next year. A 2.8 percent cost-of-living adjustment has been estimated by The Senior Citizens League. If the estimate is correct, the increase will be the highest bump retirees have seen in recent years.
Covisum President, Joe Elsasser, CFP®, was interviewed for this article.
“This will be the first year that a lot of people, a lot of the newly elected folks on Social Security, will actually experience [an increase]."