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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NIGGER
Dump poison in there drink tell em to fuck off get lost ???????????????
Kasandra
Dump it down there throat tell em get lost ?????
DianaC
When the judges deny you your suppose to slip there drink with ?????poison
Scott
Just in time winter to spread—- H I V —- to all judges that denied or no back pay ??????
Todd
When judges deny you or your back pay slip someones drink or give em H I . V
Donny
Slipping NIGGERS drinks around the GLOBE ?
Doug
Slip a NIGGERS drink when there not watching ????
Jamie C.
Put your dick in the judges mouth thats what you do !!!!!!!!
DAVID A.
Hello IHAVE A QUESTION I HAVE BEEN COLLECTING MY WIFIVES SS BENEFITS BUT IAM TURNING 70 NOV 20 AND I WANT TO CHANGE TO MY BENEFIT PROGRAM .I WAS TOLD I WOULD BE ABLE TO SWITCH TO THE HIGHER PAYING BENEFIT WHEN I TURN 70 .WHAT WILL I NEED TO DO? THANK YOU FOR YOUR TIME
A.C.
Hi, David. Since you are currently receiving benefits, you should call us at 1-800-772-1213 to set up an appointment to file a new claim. You can also contact your local Social Security office for assistance. Thanks!
Billy
TURN AROUND STICK ALL THE JUDGES PUT A BIG DENIAL NEXT TO IT ???????