Thursday, October 11, 2018

Social Security Payout Adjustment Largest Since 2012

(Chart vis WSJ)
Social Security recipients will see the largest increase to their benefits in seven years in January.

The 2019 cost-of-living increase will be 2.8%, the Social Security Administration announced today.

The cost-of-living adjustment, based on a formula that reflects changes in consumer prices, will be the largest for the monthly payments since a 3.6% increase in 2012.

More than 62 million Americans receive Social Security benefits.


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