With Covid-19 causing financial devastation across the country, many rumors have been circulating that the Cost of Living Allowance for Social Security and VA Disability benefits would not increase in 2021.
Last week, however, a 1.3% COLA increase was announced for 2021. Although lower than the increases over the few previous years, this increase comes as welcome news for the hundreds of thousands of veterans who rely on their disability benefits.
What does this mean for you? Check out the 2021 VA Disability rates now to see how your payment will increase!