Social Security Benefits To Go Up By 1.7 Percent

More than 56 million Social Security recipients will see their monthly payments go up by 1.7 percent next year.

The increase, which starts in January, is tied to a measure of inflation released Tuesday. It shows that inflation has been relatively low over the past year, resulting in one of the smallest increases in Social Security payments since automatic adjustments were adopted in 1975.

This year, Social Security recipients received a 3.6 percent increase in benefits after getting none the previous two years.

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