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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DENNIS
SOMEONES GOING TO HAVE HELL TO PAY BUT WERE NOT GOING TO TELL YOU WHO!!!!!!guess who
DENNIS M.
There’s a weird feeling these people are going to screw us out of our life savings
TAMIKA
Be sure to tell your judges that we’re not mentally ill
KENNY
WERE NOT MENTALLY ILL WE ARE THE SAME AS YOUR EVERYDAY PERSON
KENNY
WE TAKE THE CREDIT OF ☠️❌54 ?❌☠️ DRINKS LETS SEE SOMEONE BEAT THAT AROUND THE ? WORLD
KENNY
SO FOR ALL YOU PEOPLE OUT THERE THAT LIKE TO GET IN ARGUMENTS OR SCOLD PEOPLE THERE MAYBE PEOPLE JUST WAITING WANTING TO PAY YOU BACK????????FUCK YOU
KENNY
YOU DONT HAVE TO ALWAYS BE SCOLDED YOU CAN RIP THERE HEAD OFF JUST LIKE THEY DO TO YOU
KENNY
THATS THE FUN PART OF BEING SCOLDED OR IN AN ARGUMENT YOU CAN POISON THE PERSONS DRINK LOOK AT THEM AND SMILE ????????AND TELL THEM TO FUCK OFF THAT CAN HAPPEN WORLD WIDE.
AMY
TAKE OUR DICK AND STIR YOUR DRINK WITH IT ???
AMY
SHOOT THE NIGGER SITTING NEXT TO YOU IN THE HEAD AND TELL THE JUDGE POLICE IT WAS AN ACCIDENT