JPatrick
Thinks s/he gets paid by the post
- Joined
- Jun 3, 2005
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Social Security benefits going up by 5.8 percent
By MARTIN CRUTSINGER – 26 minutes ago
WASHINGTON (AP) — Social Security benefits for 50 million people will be go up 5.8 percent next year, the largest increase in more than a quarter century.
The increase, which will start in January, was announced Thursday by the Social Security Administration. It will mean an additional $63 per month for the average retiree.
The increase is the largest since a 7.4 percent jump in 1982 and is more than double the 2.3 percent rise that retirees got in their monthly checks starting in January of this year.
The typical retiree's monthly check will go from $1,090 currently to $1,153.
By MARTIN CRUTSINGER – 26 minutes ago
WASHINGTON (AP) — Social Security benefits for 50 million people will be go up 5.8 percent next year, the largest increase in more than a quarter century.
The increase, which will start in January, was announced Thursday by the Social Security Administration. It will mean an additional $63 per month for the average retiree.
The increase is the largest since a 7.4 percent jump in 1982 and is more than double the 2.3 percent rise that retirees got in their monthly checks starting in January of this year.
The typical retiree's monthly check will go from $1,090 currently to $1,153.