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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Ruben C.
When will the social security benefit increase in 2018?
R.F.
Hello Ruben, the 2.0 percent cost-of-living adjustment (COLA) for Social Security beneficiaries was effective in January 2018. Increased payments to SSI beneficiaries began on December 29, 2017. You can find more details about the new COLA at http://www.socialsecurity.gov/cola.
If you need further assistant, call our toll free number at 1-800-772-1213. Representatives are available Monday through Friday, between 7 a.m. and 7 p.m. Thanks!
Irena S.
I am looking for information about dental help and dental surgery? Where can I find out more about this?
Charles R.
I have not seen a increase in my Social Security Benifits this year
Tawnette M.
When is a person supposed to see an increase on their social security check? Please get back to me at 319 284 0335. Thank you
Tawnette Moor
R.F.
Unfortunately, and because of security reasons we do not have access to personal records in this blog and cannot answer your question at this time. One of our representatives should be able to provide you with an explanation. Please call our toll free number at 1-800-772-1213 for assistance. Representatives are available Monday through Friday, between 7 a.m. and 7 p.m. Generally, you will have a shorter wait time if you call later during the day or later in the week. Thanks.
benny s.
your all being scammed because you got that randall screwing the whole system someone needs to shank him get that guy out of there no good
Raymond R.
My wife receives 1/2 my benefits but received no cola raise. Shouldn’t she get half my raise?
benny s.
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Lydia G.
My next check due to be deposited on 2/28/2018 is $22.00 less that the correct amount. I need to know why.
R.F.
Unfortunately, and because of security reasons we do not have access to personal records in this blog and cannot answer your question at this time. One of our representatives should be able to provide you with an explanation. Please call our toll free number at 1-800-772-1213 for assistance. Representatives are available Monday through Friday, between 7 a.m. and 7 p.m. Generally, you will have a shorter wait time if you call later in the week. Thanks.
Lydia G.
My next SS check is $22.00 less than it’s suppose to be, can you please tell me why !
email: lydiadambro21@gmail.com
phone # 484-574-0441
Lydia G. D’Ambro DOB is 10-21-1946
Ruth A.
Hello
I am very upset as why did not I get raise from S.S Benefits. I know II should complain last January 2018 but I could not get thru to S.S. office and holidays took my time not to complain. So I finally got to set up my password and code number. So here why I email you is i want to know why don’t get raise my SS for year of 2018. My S.S. income is very low and could not able to reach my cost of living due small income not over 1 k. Tell me why I did not get rise as income is the same as last year… so please let me know what can I do to get raise my benefits. Can you tell me what can I do to apply or what else. My health is not too good- I have problem of Parkinson Disease , back surgery not help as difficult walking/backache – I am DEAF and health is poor. – problem my Eyes as it is Macular Degeneration , Let me know, please .
Ruth Ann