Author Topic: Social Security benefits set to increase by 2.2%  (Read 840 times)

Offline Lee2

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Social Security benefits set to increase by 2.2%
« on: July 14, 2017, 09:32:42 PM »
Good news for the Americans on this forum, every little bit helps.
Quote
Americans receiving Social Security benefits in 2018 can expect to see the program's largest payment increase in years, according to the trustees report released Thursday.

In January, recipients will receive a $28 monthly increase in benefits, which, although amounts to just 2.2%, is much larger than the 0.3% increase in benefits recipients collected this year.
MORE: http://tinyurl.com/y8f2plny
:) Happily married since 1994 & live part of the year in Cebu and the rest in S. Florida.

Offline Gray Wolf

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Re: Social Security benefits set to increase by 2.2%
« Reply #1 on: September 05, 2017, 02:13:21 AM »
Okay, I read the article, and I'm confused. Does everyone get a $28 increase, or do we get a 2.2% increase? It's not the same thing. Even with the average amount they stated, the $28 doesn't add up to 2.2%.
I've never seen an across the board increase of a specific dollar amount. It's always been a percentage increase.
Whatever we get, I'm looking forward to it! More money for my San Mig and Red Horse fund!  :)
Louisville, KY USA

 


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