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. Jacob

    ? We’re watching you while your watching us ✈️

  2. Jacob

    This is all a scam folks you people haven’t figured that out yet these people just want your personal information and that’s it

  3. Theresa M.

    I went to online says not available

  4. Theresa M.

    I need a copy of my SSI Award please

  5. Jean A.

    I need copies of my 2017 & 2018 Social Security Awards letters

  6. Linda S.

    Please send my 2018 Social Security Benefits letter showing the changes as of Jan 2018.

    I need to have for help in moving to section #42 housing

    Thank you,

    • R.F.

      Hello Linda. We do not have access to personal information, therefore, we do not do direct messaging in this venue.
      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. Thanks!

  7. Linda S.

    Please email me a copy of the 2018 Scial Security Benefits letter that went out the first of year.
    I never received one but need to live in certain low income housing.

    Thank you
    Linda Smith
    817-891-3983

  8. Donna B.

    /when will I receive a benefits letter for 2018 showing
    payments and Medicare part b premiums. Usually I
    receive one by now.

  9. Janice R.

    Could I get a copy of the amount of benefits letter.
    janrogers1@yahoo.com

  10. Marie A.

    I will need a copy of my 2018 awards letter.

Comments are closed.