Social Security COLA for 2020: Blame Bureau of Labor Statistics, DOL
Stay up to date while navigating the crucial yet complicated world of Social Security.
Social Security is about to pay out more money than it earns for the first time in decades, according to the 2019 OASDI Trustees Report, released today.
By 2020, obligations to retirees and disabled Americans will cost more than Social Security’s revenue from payroll taxes, taxes on benefits, and interest earned on investments.
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