Social Security recipients shouldn't expect a big increase in monthly benefits come January.
Preliminary figures show the annual benefit boost will be between 1 percent and 2 percent, which would be among the lowest since automatic adjustments were adopted in 1975.
Monthly benefits for retired workers now average $1,237, meaning the typical retiree can expect a raise of between $12 and $24 a month.
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6 comments:
The Obama regime has its priorities completely upside down.
Do Not Let This become the new "normal" folks.
Get rid of this communist shill in November.
11:48 you have it exactly right!
It WAS Obama that tied COLA raises to gov.-measured inflation in the 70's. How terrible of him.
We can also anticipate a medicare "deduction" amounting to at least twice the increase..
I love how people who are on a government income program complain about Obama being a "communist." You do realize, 11:48, that Social Security is taking taxes from working people and giving it to people who don't work. It's about as close to "share the wealth" as our country has. Don't complain because you won't be getting as much free money from the government (read: taxpayers) this year as you want.
If everyone was given everything the economy would collapse in a week.For crying out loud people,make do with what you have and quit complaining.
And COULD be highest ever. Please wait for real facts. You're digging for drama and hate.
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