Under title II of the Social Security Act (Act), there will be a 1.3 percent cost-of-living increase in Social Security benefits effective December 2020. In addition, the national average wage index for 2019 is $54,099.99. The cost-of-living increase and national average wage index affect other program parameters as described below.
- Document Number
- 2020-23442
- Published in
- United States of America
