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. Kelly M.

    WE WANT TO STICK OUR DICK DOWN YOUR JUDGES THROATS

  2. Sandra

    Going around sticking all JUDGES & NIGGERS with H I V

  3. Sandra

    Were going to stick all your employees with H I V

  4. Sandra

    Were going to stick all you with H I V

  5. Jacob

    N E V E R T R U S T A N Y O N E

  6. JACOB

    GOOD LUCK TOUR BETTER OFF TAKEING A DICK IN THE THROAT

  7. Lloyd S.

    I would like to find my benefits for 2018

    • Luis A.

      Hi Lloyd. For your security, we do not have access to your personal information in this forum. Please contact your local Social Security office for information on your SSA-1099 for 2018. We hope this helps.

  8. CHRIS

    WE WANT TO POISON ALL YOUR JUDGES ? DRINKS

  9. NiGG E.

    WE WOULDNT HESITATE TO SLIP YOUR DRINKS

  10. Chris

    THEN WILL TELL YA TO FUCK OFF

Comments are closed.