REPORT: Social Security beneficiaries set to get biggest bump in seven years
As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by MARKETWATCH.COM:
Retired Americans who collect Social Security can look forward in 2019 to the biggest increase in benefits in seven years.
Retirement benefits are likely to rise about 2.8% next year, based on the formula that determines annual cost-of-living adjustments in Social Security. It would mark the biggest gain since a 3.6% advance in 2012.
The article goes on to state the following:
The government will make it official on Thursday after the morning release of September’s consumer price index. Increases in Social Security benefits are tied to the CPI.
To weigh in on this information provided by MARKETWATCH.COM, engage in our LIVE CHAT below. Scroll down.
Trending on DML News
- REPORT: Tulsi Gabbard’s hairstyle draws more attention than her answers
- REPORT: Beto resorts to speaking Spanish in debate answer, though doesn’t give an actual answer
- REPORT: Mom posts warning about popular video game after 7-year-old’s avatar ‘violently gang raped’
- VIDEO: Young Man Confronts Vehicle Full Of Russian Soldiers During Road Rage Incident
- REPORT: ‘Latinos For Trump’ Launching In Miami as Democrats target Florida Hispanics for 2020
- EXCLUSIVE: Landowner of private border wall faces charges, prison (video)
- REPORT: Heartbreaking footage reveals Venezuela crisis as mother forced to carry dead daughter through streets
- REPORT: Young female cop shot and killed just 2 weeks after being sworn in
- OpEd: Sen. Marco Rubio: Dems’ court-packing plan is all wrong
- VIDEO: AG Bill Barr surprises DOJ event attendees with stunning bagpipes performance