Social Security says millions of retirees will get a modest 1.6% cost-of-living increase in 2020 - and that comes to about $24 more a month more the average retired worker.  

Tens of millions of Social Security beneficiaries and other retirees can expect an increase in benefits next year as inflation edges higher. 

Millions of Social Security recipients and federal retirees will get a 0.3% increase in monthly benefits next year, the fifth year in a row that older Americans will have to settle for historically low raises.

There will be no benefit increase next year for millions of Social Security recipients, disabled veterans and federal retirees, the government said Thursday. It's just the third time in 40 years that payments will remain flat.

Nevada lawmakers are considering raising state employee salaries through a cost of living salary adjustment for the first time in six years.

The government says millions of older Americans who rely on federal benefits will get a 1.7% increase in their monthly payments next year. It's the third year in a row the increase will be less than 2%.