COLA

Social Security Benefits to Increase in 2018

October 13, 2017 • By

Reading Time: 1 Minute

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.

Did you find this Information helpful?

Yes
No
Thanks for your feedback!

Tags: ,

See Comments

About the Author

Jim Borland, Acting Deputy Commissioner for Communications

Jim Borland, Acting Deputy Commissioner for Communications

Related Articles

Social Security Benefits Increase in 2020

Social Security Benefits Increase in 2022

Social Security Benefits Increase in 2021

New Online Social Security COLA Notices

Comments

  1. Kelly

    The judges are very (insulting ) don’t trust them at all you’ll get screwed for sure

  2. Brandon

    If we’re denied can we take a big ole shit and piss all over your dinner plate ????????????To whom the person that denied

  3. Missy

    When your denied sneak in give the person who denied you a free flu shot ??????

  4. Paul G.

    I had the chance to fuck this guy in his butthole but I put it off next time I will do him in and than tell him to F U C K O F F

  5. Patricia a.

    i’m 78 and yes i get security benfits but i have not got a increase in 2015 – 2017 was wondering why .. so does that mean i well not get in 18 also .i did see a increase in my army retirement last year but again not in 15 0r 16 .i have always got on both checks .

    • A.C.

      Hi, Patricia. For your security, we do not have access to private information in this venue. We do ask that members in our Blog community to work with our local offices with questions about their specific case. You can also call our toll free number at 1-800-772-1213 (TTY 1-800-325-0778). Representatives are available Monday through Friday between 7:00a.m. and 7:00p.m. Generally, you’ll have a shorter wait time if you call later in the week. We hope this helps!

  6. Nan M.

    do not publish ss# please

  7. Nan M.

    Requesting Award letter of SS for 2018 as needed by mortgage company, for refinancing. *** – ** – ***
    Thank you

    • A.C.

      Hi, Nan. If you need proof of your Social Security benefits, Supplemental Security (SSI) Income or Medicare, you can request a benefit verification letter online by using your personal my Social Security account. See our Frequently Asked Questions web page for more information. Just a reminder – please be cautious about posting personal information on social media. Thanks!

  8. Douglas J.

    I need a replacement award letter

  9. donna p.

    i need a Award letter for 2018

  10. James T.

    It was good to get a cost of living increase, after having
    so many years without! When the origional program was
    set up the Government was to administer not take out of
    the program, which by the way was never put back.

Comments are closed.