Trustees project biggest Social Security increase in years

[Zorro]

Millions of Americans who rely on Social Security can expect to receive their biggest payment increase in years this January, according to projections released Thursday by the trustees who oversee the program.

But older Americans shouldn't get too excited.

The increase is projected to be just 2.2 percent, or about $28 a month for the average recipient. Social Security recipients have gone years with tiny increases in benefits. This year they received an increase of 0.3 percent, after getting nothing last year.

Some good news for seniors: The trustees project that Medicare Part B premiums will remain unchanged next year. Most beneficiaries pay $134 a month, though retirees with higher incomes pay more.

https://www.yahoo.com/news/trustees-project-biggest-social-security-increase-years-194608724.html

[LakeArenal]

1. Whoop there it is.. One more prescription co/pay!!!!!!

[RKP5637]

3. Yep, my prescriptions keep going up and up in cost, generics. n/t

[RKP5637]

2. K&R!!! Thanks for posting!!! n/t

[Bayard]

4. A whopping $28 a month

Well, that should make up for the huge increase for health care.

[katmondoo]

5. We have had almost nothing the past 8 years

I loved Obama but sad about my SS. Yes $28.00 will seem like a lot, I will be happy to take as I expected to get nothing.

[central scrutinizer]

6. Start a Health Savings Account with it

Heck, in 20 years, provided you don't get sick in the meantime, you will have enough to cover one chemotherapy treatment.

[Kaleva]

7. That increase would cover 50% of my annual property tax bill