Question: is social security getting a raise this year and how much?
Answer: The cost of living adjustment for Social Security will be 1.6% in 2020 for the nearly 69 million people receiving Social Security benefits. This is 43% percent less than the cost-of-living increase of 2.8% that was received this year, 2019. ... In 2019 the average Social Security benefit was just $1422 per month.