REPORT: Social Security beneficiaries set to get biggest bump in seven years

BY TEAM DML / OCTOBER 10, 2018 /

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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.

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4 Comments

  1. Jeanne Lewis October 10th, 2018 at 10:20 pm

    You mean I will actually see a few bucks. Last year it went to Medicare coverage and the year before I received a WHOPPING.60 cents while all my expenses increased by hundreds of dollars! I would like all these politicians to try living on their Soc Sec ! Try Walking in their constituents shoes for a change!!’

    Reply

    • Jan October 10th, 2018 at 10:26 pm

      Amen to that my social security check is Pathetic

      Reply

    • Northa Lisenby October 11th, 2018 at 6:04 am

      If they drew social security off the income they have been making , then they would live very well , but if they drew off a normal poverty income like some is do then they wouldn’t make it !

      Reply

  2. Just another wrench turner October 11th, 2018 at 8:47 am

    Awesome!!!! My wife is getting a $12.00 per month raise!!!!!!
    Personally, if my employer offered me a $12.00 per month raise I’d tell him to keep it and go find a better job! Alass we don’t have the luxury of fireing the government……

    Reply

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