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. Dale

    JUST SLIPPED ANOTHER NIGGERS DRINK GOT IN TRAFFICK AND TOOK OFF AGAIN ????

  2. Billbutler

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  3. STACEY F.

    DRINK IT —-DRINK IT ——-DRINK IT

  4. ANDY H.

    THOSE JUDGES ARE ASSHOLES ANYWAY

  5. BUBBA

    WE WANT TO SEE SOMEONE TRY TO “”KILL”” THE JUDGES ON ——PURPOSE——-

  6. Kyle

    Good way to tell someone to fuck off

  7. TyroneB

    WATCH PEOPLE WILL BE GETTING INTO ARGUMENTS AND SLIPPING THERE DRINKS WHEN NOT PAYING ATTENTION

  8. BIGBLACKNIGGER

    WILL SOMEONE TRY TO POISON THE PRESIDENT & OBAMA & THERE FAMILY WITH A MIXED DRINK ??

  9. NIGGER

    Hopeing someone tries to “K I L L” these people off we can even poison off Donald trump & obama

  10. NIGGER

    FLIPPIN YOU THE MIDDLE ??

Comments are closed.