Home > National News > SOCIAL SECURITY BENEFITS RISING IN 2019

SOCIAL SECURITY BENEFITS RISING IN 2019

///
Comments are Off

Social Security will provide a 2.8 percent increase in benefits in 2019. This will be the largest increase since 2012.

Over 62 million retirees are set to receive increased benefits in January. That’s $39 more per month for the average retired worker. Another 8 million SSI beneficiaries, such as disabled workers, will receive increased payments starting December 31, 2018.

In 2012, Social Security was given a 3.6 percent increase.

The annual cost-of-living, or COLA, is based on a broad official measure of consumer prices. Advocates for seniors claim that the inflation index doesn’t accurately capture costs faced by seniors, especially health care.


You may also like
SOCIAL SECURITY UNDERPAYS THOUSANDS OF WIDOWS AND WIDOWERS
AMERICANS FEAR SOCIAL SECURITY WILL GO BROKE, POLL SHOWS
%d bloggers like this: