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Sun Jul 16, 2017, 10:35 PM

Social Security Projects Biggest Payment Increase In Years

STEPHEN OHLEMACHER Published JULY 14, 2017 10:08 AM

WASHINGTON (AP) ó Good news for seniors: Millions of Americans who rely on Social Security are projected to receive their biggest payment increase in years this January.

Bad news for seniors: Itís just a 2.2 percent increase, or about $28 a month for the average recipient.

The trustees who oversee Social Security and Medicare released their 2018 projections Thursday, along with their annual warning about the long-term financial problems of the federal governmentís two bedrock retirement programs.

Social Security recipients have gone years with tiny increases in benefits because inflation has been low or non-existent. This year they received an increase of 0.3 percent, after getting nothing last year. The last time they got a bigger increase was in 2012, when the hike was 3.6 percent.


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Reply Social Security Projects Biggest Payment Increase In Years (Original post)
turbinetree Jul 2017 OP
shraby Jul 2017 #1
turbinetree Jul 2017 #2

Response to turbinetree (Original post)

Sun Jul 16, 2017, 10:41 PM

1. Now they'll charge more for Part B on medicare and disappear out increase.

Our income hasn't gone up for about 3 years.

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Response to shraby (Reply #1)

Mon Jul 17, 2017, 07:47 AM

2. After I posted the article I realize, that we really are not getting much

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