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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Rick
Don’t trust these people they will screw you out of your social security of what you earned!!!!
Jacob
We want the PALMER residents dead & next time we certainly won’t tell you
Jaimie
In our city state we kill off spies & niggers
Sheila
This Chris r guy in the photo must be the one spying on people the whole time ✈️✈️✈️✈️✈️✈️???????????????????✈️✈️???are you the (SPY ANGENCY)
Chris r.
You must be the spy that’s been investigating you look like a detective✈️✈️✈️✈️✈️✈️✈️✈️✈️✈️?????????
Sheila m.
?????Poison NIGGERS DRINKS ? I ?????❌❌❌❌✈️✈️✈️✈️✈️✈️✈️? (spy Angency)
Chris r.
❌❌❌Go around city to city randomly killing NIGGERS OFF ❌❌❌✈️✈️✈️✈️✈️✈️?????????
Brian b.
You’ve been spying on us ✈️✈️✈️✈️✈️✈️✈️???????????you a nigga
James w.
❌❌❌❌Start killing NIGGERS execution style from city to city ❌❌❌❌
Doug j.
❌❌❌❌❌❌❌❌❌Come on NIGGERS aim for there head when your killing these people off let’s leave the detectives in a slump❌❌❌❌❌❌❌❌❌