collage of blue Social SEcurity cards (Photo: Shutterstock)

The Social Security Administration announced the 2021 cost of living adjustment (COLA) will be 1.3%.  Approximately 70 million Americans’ benefits are affected by the increase, though slight, in Social Security and Supplemental Security Income (SSI).  In fact, the 2021 COLA may be the lowest ever, according to The Senior Citizens League.

Between 1990 and 2009, TSCL says, the average COLA was 3%, and before that, it was even higher. The COLA is calculated using the Consumer Price Index determined by the Department of Labor’s Bureau of Labor Statistics.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

C.J. Marwitz

C.J. Marwitz is a writer and editor.

More from this author

BenefitsPRO Broker Expo 2024Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.