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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Geremy
STILL STIRING NIGGERS DRINKS ? WITH OUR DICK IN IT ON YOUR DENIALS ::
Geremy
MIXING YOUR DRINK WITH MY DICK IN IT BECAUSE I CANT STAND YOU :
Geremy
I HAD THE CHANCE TO STIR THIS GUYS DRINK WITH MY DICK IN IIT BUT DECIDED TO WAIT I CANT STAND HIM!!
Donna M.
Trying to find out how much increase in my Social Security I will get Thank you
Anthony I.
Happy New Year I have misplaced my New Benefits Amount form for 2018 and am trying to get a replacement statement. from SSA-4926 (1-2018)
K.O.
Hello Anthony, the Form SSA-4926 (Notice of new monthly Medicare Premium) is also known as “Your New Benefits Amount” Statement or “award letter”. You can request an award letter or a benefit verification letter online by using your my Social Security account.
For further assistance, call our toll free number at 1-800-772-1213. Representatives are available Monday through Friday, between 7 a.m. and 7 p.m. Thanks!
Sandra H.
I need the phone number for my mom to call to get her Social Security Benefit Statement for 2018. She says she did not receive it in the mail. I am not sure the direct number she can call so she does not have to talk to several people or push several numbers to get her paper sent to her.
Thanks
Melissa P.
So why do we on disability get a increase of living and the government takes it away thru Housing Authority. No one wants to see us do better ourself. The authority men in Mathis TX brags that he is getting everyone’s raise because he said he needs to make money too, i though the government pays him? And the groceries store prices go up and we have to try to eat on the little bit of money we have left over after insurances, electric, Medicine and etc.,
Please answer me ?
Thank you for your time and troubles,
Melissa Phillips
happy2b45_98@yahoo.com
BEN(S
WATCH EM LOSE THERE MIND & GO NUTZ????
Scott B.
?TAKE A PISS IN RANDALL AND PALMERS DRINKS AND HAND IT TO THEM WHEN YOUVE BEEN DENIED ?
Misty S.
Killing OFF THE PALMER RESIDENTS?