Summary: Social Security Is Giving Seniors a 1.6% Raise for 2020 by Elizabeth O'Brien The Social Security Administration announced Thursday that seniors would get a 1.6% raise for 2020, a tiny bump that won’t keep pace with the rising cost of prescription drugs and other essentials. The boost would increase the average monthly Social Security check of $1,460 by about $23.40, less than the extra $40.90 that seniors received for 2019 after a raise of 2.8%.
