collage of blue tops of social security cards (Photo: Shutterstock)

A Social Security policy analyst for the advocacy group The Senior Citizens League is estimating the cost-of-living adjustment for 2021 will be zero based on consumer price index data through April and the continued impact of COVID-19 on the economy.

“The recent unprecedented plunge oil prices have all but wiped out the prospect of a Social Security cost-of-living adjustment (COLA) for next year,” Mary Johnson, the policy analyst, said in a statement. The Senior Citizen League’s estimate of no adjustment could change before October, when the Social Security Administration announces the COLA.

 

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