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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Jamie
Start killing off the people in the hospitals to tell them to fuck off oh well
Diiandre
Kill the kids kill the kids kill the kids kill the kids
Damon
Will start killing off kids in the schools to when no one is looking(;
Mike
We give the ok to start slipping poison in niggers drinks around the world ?
Salvatore D.
Hello-I wish to inquire if there will be a Cost Of Living increase (COLA) in our Social Security Checks for 2019?
Ryan
No increase judge says to go to hell
R.F.
Hello Salvatore. Recently, we announced a 2.8 percent cost-of-living adjustment (COLA) in 2019 for the more than 67 million Americans who receive monthly benefits. The COLA will take effect with Supplemental Security Income (SSI) payments paid on December 31, 2018, and Social Security payments paid in January 2019. You can find useful information on the 2019 Medicare changes, when announced, at http://www.medicare.gov.
For more details about the new COLA, visit http://www.ssa.gov/cola. Thanks!
Jackline L.
Could you help me to find a award letter?
R.F.
Hello Jackline. 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 personal my Social Security account. This letter is sometimes called a “proof of award letter.” Thanks!
Sharon T.
I hope cola will get an increase in the future
Diana
When your denied go piss in a niggers drink they’ll deserve it a lot around the world city to city they’ll like it a lot
Paul G.
Can we start going pee pee in your food and drinks again because the judges are asses
Kyle
? I feel as if that judge literally took a shit in my mouth you fucking nigger?