Roughly 10,000 baby boomers reach retirement age each day, which is above the U.S. average. If you are retired or you’re counting the days when you leave your full-time job, Social Security should be your biggest concern. It’s a fundamental part of your retirement income. As a result, it’s important to stay up to date on the COLA for the year 2020. However, before we dive into details, let’s find out what COLA entails.