Retired Americans collecting Social Security payments will get their biggest payout in seven years starting in 2019.
Social Security benefits are slated to go up by 2.8 percent in 2019, making it the biggest gain for Social Security beneficiaries since payouts rose by 3.6 percent in 2012, MarketWatch reported Thursday.
The government released the figures after the U.S. Bureau of Labor Statistics (BLS) published its Consumer Price Index (CPI) Summary on Thursday. All increases in Social Security benefits are determined by the CPI, which rose by 0.1 percent in September.
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3 comments:
Doesn't the Medicare Part B payment rise considerably this year also?
Of course. Last year my husband and I got less SS each month because the medicare raise was more than the SS raise.
But all Democrats votes NO for the increase even though they are blaming the Republicans with their Fake News.
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