Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
U.S. social security benefits to rise 0.3 percent in 2017 [View all]
Source: Reuters
U.S. | Tue Oct 18, 2016 | 10:40am EDT
U.S. social security benefits to rise 0.3 percent in 2017
U.S. retirees will receive a 0.3 percent increase in their Social Security checks in 2017, the Social Security Administration said on Tuesday.
The cost-of-living adjustment, also known as COLA, is tied to inflation moves. There was no increase for 2015-2016 due to the dampening effects on inflation from falling oil prices.
The rate is determined by averaging together third-quarter inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
The average annual raise since the United States exited recession in 2009 has been 1.2 percent.
[font size=1]-snip-[/font]
U.S. social security benefits to rise 0.3 percent in 2017
U.S. retirees will receive a 0.3 percent increase in their Social Security checks in 2017, the Social Security Administration said on Tuesday.
The cost-of-living adjustment, also known as COLA, is tied to inflation moves. There was no increase for 2015-2016 due to the dampening effects on inflation from falling oil prices.
The rate is determined by averaging together third-quarter inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
The average annual raise since the United States exited recession in 2009 has been 1.2 percent.
[font size=1]-snip-[/font]
Read more: http://www.reuters.com/article/us-usa-economy-benefits-idUSKCN12I1SV
7 replies
= new reply since forum marked as read
= new reply since forum marked as read