Retired Americans on Social Security will be sipping on a rather bitter COLA — as in cost-of-living adjustment. Seniors will receive a raise in 2020 of just 1.6%, down from the 2.8% increase they got for 2019.
The Social Security Administration has announced that the average monthly benefit will rise from $1,479 in 2019 to $1,503 next year. Or, from $17,748 annually to $18,036.
But the amounts vary by state.
Here's how all 50 states and the District of Columbia rank for Social Security benefits, going from the smallest average payments to the largest. The list is based on recently released numbers of retired workers on Social Security in each state and the total benefits they received in 2018.
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