Social Security Recipients To See Small Raise Next Year

By: Associated Press Email
By: Associated Press Email

WASHINGTON (AP) Nearly 58 million Americans getting Social Security checks can expect yet another small increase in their benefits next year.

On average, it means a jump of just $17 a month.

The elderly, disabled veterans and federal retirees who are on Social Security will be getting an increase of 1.5%.

It would be the smallest since 1975, according to data from the Associated Press.

Next year's raise will be small because consumer prices, as measured by the government, haven't gone up much in the past year.

We won't know the exact size of the cost-of-living adjustment - until the Labor Department releases the inflation report for September.

That was supposed to happen last week, but the report was delayed because of the partial government shutdown.

Social Security benefits have continued during the shutdown.

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