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. PHILLIP J.

    I’ve been Permanently Disabled both Mentally and Physically Disabled since JULY 21,2010, and I want to know when I can start getting my Pension Money from when I was able to work?
    I’m 48 years old know, and I’ll be Disabled the rest of my life.

  2. Scott B.

    People are dying and these people can give a dam can’t you people see that these people can careless of what you post on this page there just laughing in your faces

  3. Sandy

    My husband and I married in 1977, divorced in 1999 and remarried in 2000. Does this need to be reported when applying for ss benefits? Or just treat it as one marriage? Neither of us married anyone else in between.

    • R.F.

      Hello Sandy. If you receive benefits from Social Security, you have a legal obligation to report changes (such as marriage or divorce) which may affect your benefits. You can call our toll free number at 1-800-772-1213 and speak to one of our agents. Representatives are available Monday through Friday, between 7 a.m. and 7 p.m. Thanks!

  4. Abraham L.

    i am trying to print my 2018 award letter .if you can send me the award letter through email. I need it right away for my charity care

    • R.F.

      Hello Abraham. For security reasons, 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. If you can’t or don’t want to use your online account, you can call us at 1-800-772-1213 (TTY 1-800-325-0778), Monday through Friday from 7 a.m. to 7 p.m.
      Just a reminder – Please be cautious about posting personal information on social media and communicating personal information via email. Thanks!

  5. Gerard P.

    COLA if calculated like when Carter was in office is averaging 7-10% a year. COLA is changed to reduce the benefits paid to 0-2% a year. Google true inflation to find out the truth. http://www.shadowstats.com/alternate_data/inflation-charts

  6. Vincent P.

    I need a benefit letter mailed to me. My name is Vincent Puglisi my address is

    Jackson New Jersey 08527

    • V.V.

      Hi Vincent. You can get a benefit verification letter online instantly by using your personal my Social Security account. This letter is sometimes called a budget letter, a benefits letter, a proof of income letter or a proof of award letter. To set up your account, visit the my Social Security web page and select, “Sign In or Create an Account.” You will need to provide some personal information to verify your identity, choose a username and password and follow the rest of the steps to finish creating your account. Once you create your account, scroll down to the Benefits and Payments section and choose “get benefit verification letter” where you can instantly view, print, or save your official letter. If you are unable to create an account or encounter a problem, you may call us at 1-800-772-1213 (TTY 1-800-325-0778), Monday through Friday from 7 a.m. to 7 p.m. At the voice prompt, say “helpdesk” or you can contact your local Social Security office.

      Just a reminder – We do not have access to personal information in this venue. Please be cautious about posting personal information on social media channels. Thanks.

  7. Ben S.

    Kill off those niggers start dumping poison in there drinks that’s one way to stop there gangs ??

  8. Jennifer T.

    ? ✈️ ? ? ✈️? ?? ?? ?. ?

  9. CrAIg m.

    I GIVE THE BEST BLOW JOBS AROUND

  10. CraiG m.

    ??H A P P I N E S S IS B L O W I N G C U M A L L O V E R D O N A L D T R U M P S B U T T C H E E K S ? ? ✈️ ? ? ?

Comments are closed.