Social Security Benefits to Increase in 2018
Reading Time: 1 MinuteLast Updated: October 13, 2017
When we announce the annual cost-of-living adjustment (COLA), there’s usually an increase in the Social Security and Supplemental Security Income (SSI) benefit amount people receive each month. Federal benefit rates increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W).
The CPI-W rises when prices increase, making your cost of living go up. This means prices for goods and services, on average, are a little more expensive. The COLA helps to offset these costs. As a result, more than 66 million Americans will see a 2.0 percent increase in their Social Security and SSI benefits in 2018.
Other changes that will happen in January 2018 are based on the increase in the national average wage index. For example, the maximum amount of earnings subject to Social Security payroll tax will increase to $128,700. The earnings limit for workers younger than “full” retirement age will increase to $17,040 and the limit for people turning “full” retirement age in 2018 will increase to $45,360.
You can find more information about the 2018 COLA here.
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Tags: Cost of living adjustment, Social Security benefits
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Jim Borland, Acting Deputy Commissioner for Communications
Jim Borland, Acting Deputy Commissioner for Communications
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Brandon w.
How come NIGGERS are only shooting people in Chicago it’s time you spread your wings and start worldwide?
Kyle J.
That’s one way to tell the school officials to FUCK OFF jump the curb and run over all the children ????????
Kyle J.
(BE SURE TO TELL YOUR (JUDGES )THAT THIS CAN HAPPEN RUNEM ALL OVER JUMP THE CURB & FLOOR IT)) KILLEM OFF
Kyle j.
Kinda saying like I told u so just so you people can know that that can always happen waiting for the right moment)
Kyle J.
(I had the chance to run over around 800 school children the other day but decided to wait it out I could of easily jumped the curb and mowed them all over just waiting though) //////I had visions of doing it
BRIAN B.
Get about 20 NIGGERS in each city going around filling people’s drinks with poison ☠️ ❌
BRIAN B.
Worldwide start secretly killing off the judges on denials come on NIGGERS I hope your looking at this worldwide
Ben
❌How about for every time your judge fiddles there thumbs around we fill another NIGGERS drink with something sound good ❌
Bill b.
You people can’t be that stupid to not realize they’ve been spying ✈️✈️✈️????✈️✈️✈️✈️✈️✈️✈️?????????
Bill b.
(?Someone’s been spying) ✈️✈️?????✈️✈️✈️????