The Best Thing About Social Security's 2019 Cola Is This

newsfeedback@fool.com (Sean Williams), The Motley Fool
Sun, 10/21/2018 - 3:06am

The long-awaited day for the more than 62 million Social Security beneficiaries has come and gone. A little more than a week ago, the Social Security Administration announced that all beneficiaries would be receiving a 2.8% cost-of-living adjustment (COLA) beginning in 2019. This "raise" represents the biggest increase in benefit payouts, on a percentage basis, since 2012, and is a healthy jump from the 2% bump up beneficiaries received in 2018.But there's a lot more to be thankful for with regard to the 2019 COLA than simply the percentage that it's increasing.Image source: Getty Images.Continue reading

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