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. Jason D.

    HOW MANY DRINKS CAN YOU POISON ON A NIGHTS ON THE TOWN

  2. Josh

    SITTING AT BARS SLIPPING PEOPLES DRINKS ?????????

  3. Nancy

    START POISONING THE EDERLYS FOOD AND DRINKS ? ?????? ON JUDGES DENIALS AROUND THE ? ??????WORLD

  4. Scott

    START CRASHING PEOPLES RETIREMENTS ?????????????????

  5. Kyle

    GUESS WHAT????? JUDGE WE JUST MIXED ANOTHER NIGGERS DRINK WITH OUR DICK IN IT

  6. Pamela

    WHOOO HOOO TAINTING GOVERNMENT SUPPLIES AND INFECTING PEOPLE JUDGES AROUND THE GLOBE

  7. Cindy

    WERE NOT TELLING YOU THE JUDGES NAMES THAT LIKE DENY AND SCREW PEOPLE OUT OF THERE RETIREMENTS WILL JUST STICK YOU AND FUCK YOU ????????????

  8. Frank

    ONLY IF JUDGES DENY YOU STICK THEM WITH AIDS ?

  9. Bob

    WHEN SOMEONE SCOLDS YOU OR DENIES YOU THINK OF WAYS YOU CAN INFECT THEM WITH HIV OR SCREW THERE RETIREMENT FOR THEM

  10. James k.

    IM A JUDGE I WANT TO PURPOSELY SCREW THIS GUY OUT OF HIS RETIREMENT SO HE CAN STICK ME WITH —H I V

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