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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Stacey
Hey Randall we just s hit in a Mexicans face what u gonna do about it??
JENNY
RANDALL WANTS THE LOS ZETAS ORGANIZATION KILLED OR ALL IN PRISON
kyle
randall can go suck a fucking dick
mike
randall is a big bull shitter dont trust that guy
Robert P.
Will we be mailed a statement as to our increase?
R.F.
The cost-of-living adjustment (COLA) notices for 2018 were mailed during the month of December 2017.
If you need proof you get Social Security benefits, Supplemental Security (SSI) Income or Medicare, you can request a benefit verification letter online by using your my Social Security account.
Randall d.
Randall when will I expect to receive my Cola Social Security price increase
EDDIE
MAYBE IN THE FUTURE WILL PUT A LISTING OF THE JUDGES NAMES THAT ARE IN FAVOR OF REMOVING BLACKS & HISPANICS FROM THiS SOCIETY PEOPLE ARE LIVING IN
Jen
IN THE FUTURE RACISTS JACKASSES LIKE YOU, WILL HAVE TO ANSWER TO GOD!
EDDIE
ITS ALL THE JUDGES TO MAKE THE DECISION ?
EDDIE
?I AGREE RUN THOSE DAM HISPANICS AND NIGGERS OUT OF THE CITIES GET RID OF THEM HAVE THE JUDGES QUARANTINE THEM ?
Kellyb
The Niggros are really making are city’s look just awful from state to state a bunch of low life’s only to get worst sickening