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.
Did you find this Information helpful?
Tags: Cost of living adjustment, Social Security benefits
See CommentsAbout the Author
Jim Borland, Acting Deputy Commissioner for Communications
Jim Borland, Acting Deputy Commissioner for Communications
Comments
Comments are closed.
Kyle
ANY OTHER NIGGERS PISSED OFF AT PEOPLE WHEN THEY SCOLD YOU FILL THERE DRINKS FULL OF POISON THAN GIVE THEM THE FINGER ??????????
KENNY
DID SOMEBODY INSULT YOU BY SAYING WE WANT TO STICK OUR DICK IN YOUR BUTTHOLE PROBABLY WOULDNT BE THE 1ST TIME NOR WILL IT BE THE LAST
MIKE
YOU CAN GO SUCK A FUCKING DICK BRO
MIKE
I DONT EVER WANT TO SEE YOUR FUCKING FACE EVER AGAIN ASSHOLE
Mike
I CANT WAIT UNTILL SOMEBODY WALKS OVER TO YOU AND PUTS ABULLET IN YOUR HEAD PAPPY YOUR A FUCKEN RIPP OFF
Geremy
GIVE THEM TAINTED BLOOD TELL THEM YOU GOT (H I V AIDS) MOTHA FUCKER
Barbara D.
I HAVE NOT GOTTEN MY FORMS FOR 2018 TAXES FROM MY SOCIAL SECURITY BENEFITS. I MOVED THIS PAST YEAR CALL AND GAVE THEM A NEW ADDRESS BACK IN FEBRUARY. HOW DO i FIND OUT IF IT HAS BEEN MAILED.
V.V.
Hi Barbara. Check out our Frequently Asked Questions web page on how to obtain a replacement 1099 and how to change your address with Social Security.
Darren M.
We want to see NIGGERS IN CHICAGO FILL PEOPLES DRINKS WITH POISON THAN SIT THERE LIKE THEY DIDNT DO IT
BILL B.
LIKE STICKING OUR DICK IN YOUR BUTTHOLE THAN SAYING WE DIDNT?
Bill b.
YOU CAN TAKE YOUR CHECK AND SHOVE IT DOWN YOUR THROAT