An Increase in Social Security Benefits in 2017
Reading Time: 1 MinuteLast Updated: March 17, 2021
The annual cost-of-living adjustment (COLA) usually means an increase in the benefit amount people receive each month. By law, the monthly Social Security and Supplemental Security Income (SSI) federal benefit rate increases when there is a rise in the cost of living. The government measures changes in the cost of living through the Department of Labor’s Consumer Price Index (CPI-W).
The CPI-W rose this year. When inflation increases, your cost of living also goes up. Prices for goods and services, on average, are a little more expensive. Since the CPI-W did rise, the law increases benefits to help offset inflation. As a result, monthly Social Security and SSI benefits for over 65 million Americans will increase 0.3 percent in 2017.
Other changes that would normally take effect based on changes in the national average wage index will begin in January 2017. For example, the maximum amount of earnings subject to the Social Security payroll tax will increase to $127,200.
Information about Medicare changes for 2017, when announced, will be available at www.Medicare.gov. For some beneficiaries, their Social Security increase may be partially or completely offset by increases in Medicare premiums.
You can find more information about the 2017 COLA at www.socialsecurity.gov/cola. For changes in the national average wage index, go to www.socialsecurity.gov/OACT/COLA/AWI.html.
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Tags: Cost of living adjustment, Medicare, SSI
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Doug Walker, Deputy Commissioner, Communications
Deputy Commissioner, Office of Communications
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Regina F.
What is the government doing to help us elderly to keep up with the cost of living ( increases in: electric, telephone, gas, gasoline, medications, insurance’s, etc.), when my NET benefit amount has not increased a penny since 2015?
Thank you.
Gail M.
I am not referring to a new benefit. I have been drawing social security for a number of years. I am 78 years old, and you did not increase my social security by even a dollar. PLEASE EXPLAIN.
Ray F.
Unfortunately, and because of security reasons we do not have access to personal records in this blog and cannot answer your question at this time. One of our representatives should be able to provide you with an explanation. Please call our toll free number at 1-800-772-1213 for assistance. Representatives are available Monday through Friday, between 7 a.m. and 7 p.m. Generally, you will have a shorter wait time if you call later during the day or later in the week. Thanks.
Gail M.
I did not get a raise in my social security benefits this year. Everyone I know who are in my economic situation to a raise.
PLEASE EXPLAIN. I HAVE WRITTEN TO SEVERAL PEOPLE AND GOT NO RESPONSE. IF YOU DON’T TELL ME WHY, I WILL HAVE TO GO HIGHER UP.
RICHARD L.
how can I get a copy of my 2018 saa-4926-sm (2018)
RICHARD L.
HOW CAN I GET A COPY OF FORM SSA-4926-SM (2018)?
Ray F.
If you’re referring to “new benefit amount” statement for 2018, these letters were mailed in December 2017. Remember, you can request a benefit verification letter online by using your my Social Security account.
The SSA-1099 showing the amount of benefits paid during last year and the amount of any voluntary Federal tax withheld, is mailed by January 31 each year. We hope this information helps.
dorothy s.
we saw on t/v/ advertized that every senior was suppose to get a $25.00 raiseon their s.s. checkes in Jan. 2018 . but niether my husband or i got any kind of raise. It’s not fair some get the raise and some ar left out . we are all supose to be treated equal . So could you tell me why we didn’t get a raise .we paid our taxes for years like everyone else so we deserve our raise like everyone else . So why was we left out of our raise . . we need the extra income like everyone else . So please explain to me why my husband and i didn’t get a raise on our checks and lots of others did get their raises.
Ray F.
For security reasons we do not have access to personal records in this blog and cannot answer your question at this time. One of our representatives should be able to provide you with an explanation. Please call our toll free number at 1-800-772-1213 for assistance. Representatives are available Monday through Friday, between 7 a.m. and 7 p.m. Generally, you will have a shorter wait time if you call later during the day. Thanks!
thomas a.
Why did my benefits go down to $2582 from $2630?
Ray F.
Hi Thomas, because of security reasons we do not have access to personal records in this blog and cannot answer your question at this time. One of our representatives should be able to provide you with an explanation and answer your questions about this matter. Please call our toll free number at 1-800-772-1213 Monday to Friday, between 7 a.m. and 7 p.m. Thanks!
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Nancy
Social Security recipients DID NOT receive a COLA increase in 2018. OK, I did get a $14.00/mo increase. Whoopy!!! What Social Security recipients did get was a mandate to put more money into the Medicare coffer. Please, don’t call that an increase in income.
Also, I think it is WRONG for seniors who immigrate to the United States, who never worked even one day in this country, are eligible for Social Security. That is ridiculous. They should not come to this country unless they can support themselves or have someone here who will support them.
I love this country, but the way the citizens money is used just doesn’t make sense. Many, many changes need to be made regarding the use of money in the USA.
OLIVER C.
Hi did i get a rise ?