The Social Security Administration announced Thursday morning that the cost-of-living adjustment for 2020 will be 1.6 percent.
That is less than what retirees have received in recent years.
In 2019, recipients got a 2.8 percent bump.
Still, it's better than zero, which retirees say in 2010, 2011, and 2016.
The 2020 increase is in line with an estimate released last month.