Friday, October 12, 2018

FYI: Social Security beneficiaries to get biggest bump in seven years

Image result for social securityThe government made it official on Thursday after the release of September’s consumer price index.
Increases in Social Security benefits are tied to the CPI. Your Social Security check will get a 2.8% boost in 2019. The Social Security Administration announced that the cost-of-living adjustment for 2019 will be 2.8 percent, which is in line with a recent estimate. The increase marks the biggest boost to benefits since 2012, when beneficiaries saw a 3.6 percent increase.