Social Security's 2020 COLA Revealed: What You Need to Know

Social Security's 2020 COLA Revealed: What You Need to Know
AP Photo/Andrew Harnik

The big day has finally arrived!

Given that 62% of retired workers are netting at least half of their income from their Social Security benefit, all eyes were on Oct. 10. That's because Oct. 10 is the release date for the U.S. Bureau of Labor Statistics' (BLS) September inflation data, which contains the last puzzle piece needed to calculate Social Security's cost-of-living adjustment (COLA) for 2020.

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