5 Stories

Social Security COLA Is Announced: 1.3%

Increase is slightly lower than last year's, averaging $20 a month

(Newser) - Social Security recipients will get a modest 1.3% cost-of-living increase in 2021, but that might be small comfort in the face of worries about the coronavirus and its consequences for older people. The average increase for retired workers will be $20 a month, according to estimates released Tuesday by...

Social Security Recipients Get Largest Raise in Years

Though it'll only amount to $25 a month

(Newser) - Millions of Social Security recipients and other retirees will get a 2% increase in benefits next year. It's the largest increase since 2012 but comes to only $25 a month for the average beneficiary. The Social Security Administration announced the cost-of-living adjustment (COLA) Friday. The COLA affects benefits for...

Bad News for 1 in 5 Americans: No COLA Next Year

And you can blame low gas prices

(Newser) - For just the third time in 40 years, millions of Social Security recipients, disabled veterans, and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population. They can blame low gas prices. By law, the annual cost-of-living adjustment, or...

Social Security Checks Get First Raise Since 2009

 Social Security 
 Checks Get 
 3.6% Bump 

Social Security Checks Get 3.6% Bump

Raise is first since 2009

(Newser) - Social Security recipients will get something in January they used to get every year: a raise. The 3.6% boost, which is tied to the government's official inflation measure released today, will be the program's first cost-of-living adjustment since 2009. That's because inflation has been so low...

Social Security's 2.3% Hike Most Stingy Since '04

Increases don't keep up with rising medical costs, critics say

(Newser) - Social Security benefits will rise 2.3% in 2008—or an average of $24 monthly—netting the 54 million recipients their smallest increase in four years. The cost of living adjustment, now $1,079 per month for the average retiree, is based on the third-quarter change in consumer prices, the...

5 Stories
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