COLA

Social Security Benefits to Increase in 2018

October 13, 2017 • By

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Last Updated: October 13, 2017

man and woman outside smiling 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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About the Author

Jim Borland, Acting Deputy Commissioner for Communications

Jim Borland, Acting Deputy Commissioner for Communications

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Comments

  1. Todd

    ? No joke ?

  2. Cristy

    Everyone can part and go there separate ways ?

  3. Sandra

    Purposely sticking GOVERNMENT OFFICIALS with H. I. V

  4. Jenny

    ???????????????????????????????????????????????????????????????????????????????????????????????????????????

  5. Bob

    SPREADING H I V TO THE ELDERLY AND NURSING HOMES

  6. Alisha

    THAT WOULD BE SO FUNNY ? PERPOSELY STICKING JUDGES WORLDWIDE WITH H. I . V WHEN YOUR DENIED

  7. Sara

    Got the judges names written all over them ?????????

  8. Pete

    JUST STUCK ANOTHER NIGGER WITH H I. V

  9. Jamie

    Will keep (((sticking )))our dick in your butthole until we get your approval

  10. Nancy

    Flu shots for all administration people & associates

Comments are closed.