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No Social Security Increase Next Year

No Social Security Increase Next Year

More than 58 million retirees and disabled Americans will get no increase in Social Security benefits next year, the second year in a row without a raise.

 

No cost-of-living increases, Social Security says

No cost-of-living increases, Social Security says

By law, Social Security benefits can't decline. But because premiums for the Medicare drug program are expected to increase 11% next year, seniors who have those premiums deducted from their benefits will see a drop in payments, says Barbara Kennelly, president of the National Committee to Preserve Social Security and Medicare.

 

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