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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Chris
good way to screw everyone back dump POISON & EYE DROPS into there drinks & screw them back
Chris
Mix eye drops in childrens DRinks
Chris
TaKE eYE DRops dump it INTO SCHOOL ChildreNS DRINks judges NIGGERs to
Chris
Take eye drops and mix into the judges drinks ?????
caroline C.
I was am looking for help with prescription cost help. I have a new prescription for an inhaler and the cost with the discount is going to be 439.00 my social security check is 622.00 monthly. That is my only income, where do I turn for help? I live in maine and I am over 65 so there is no help from them
Luis A.
Hi Caroline. You may be eligible to receive social services from the state in which you live. These services include free meals, housekeeping help, transportation, or help with other problems. To get information about services in your area, and find out if your brother qualifies, you will need to contact your state or local social services or welfare office. You may also wish to contact your local Medicare SHIP (State Health Insurance Program Coordinator) to discuss your health insurance options. We hope this helps.
THENIGGER
SLIP POISON IN THE JUDGES DRINKS ? AND WATCH THEM LOSE THERE MINDS
NIGGER
YOU PEOPLE ARE A BUNCH OF ASSHOLES
Doctor
NOW THAT WE KNOW THE JUDGES NAMES WE CAN GIVE THEM —— AIDS
DOCTOR
We never got our AWArd were GOING TO SCREw those JuGES BACK they donT giVE A FUCK about no oNE
DOCTOR
We can do away with those people