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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Craig F.
Anyone else notice these in there states or city ✈️?????????????that would have to cost a fortune SPYING like that ?✈️✈️????????????????????????✈️✈️✈️✈️✈️
Sam T.
We new it all along that you’ve been using ✈️As your SPY ORGANIZATION for (30) years or longer any one else in any city or state notice these ✈️✈️✈️?????????????✈️✈️✈️✈️Flying around on a daily bases we think your a SPAM SPOOF ORGANIZATION GROUP THESE PEOPLE ARE SPAMMERS ✈️✈️✈️✈️✈️✈️???????
James
That’s why you’ve been flying thru our city posing as a SPY ORGANIZATION you’ve been doing this for 30 years or more we’re not that STUPID ✈️✈️✈️?????????????????????????????????✈️?✈️???????????—————
James
You’ve been SPYING daily on us with ?????✈️✈️✈️✈️✈️✈️✈️✈️??????????????????✈️✈️✈️✈️✈️✈️✈️✈️???????that’s exactly what you’ve been doing these people are really an organization of SPIES✈️✈️???????????????????
James
Your the organization that’s been SPYING all along we’re not that STUPID ????????????✈️✈️???????✈️✈️✈️✈️✈️✈️✈️???????✈️✈️?????✈️??✈️✈️✈️???????
James
These are the same people that’s been SPYING on us all along ?????✈️✈️✈️✈️???????????????????✈️✈️✈️✈️✈️✈️✈️✈️✈️✈️????????????
James
These people are really with the SPY ORGANIZATION don’t trust them ????????????✈️✈️✈️✈️✈️✈️✈️✈️???????????????????✈️✈️✈️✈️✈️?????
James
Are you the people that’s been SPYING on us ✈️✈️✈️✈️✈️✈️?????????????✈️✈️✈️✈️✈️✈️???????✈️✈️✈️✈️✈️✈️✈️
Rick
These people are a SCAM don’t trust them
Rick
?So it’s our turn to start screwing people back?