Social Security recipients will see 2 percent boost in 2018
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October 13, 2017
WASHINGTON (AP) — Millions of Social Security recipients and other retirees will get a 2 percent increase in benefits next year, the largest increase since 2012, thought it comes to only $25 a month for the average beneficiary.
The cost-of-living adjustment, or COLA, affects benefits for more than 70 million U.S. residents, including Social Security recipients, disabled veterans and federal retirees. That's about one in five Americans.
The Social Security Administration announced the COLA Friday.
By law, the COLA is based on a broad measure of consumer prices generated by the Bureau of Labor S...
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