Social Security Recipients To See Increase In January

Last updated on Wednesday, July 19, 2017

(UNDATED) - Millions of Americans on Social Security can expect about a two percent increase in their monthly payments starting in January.

That works out to around 30-dollars a month for the average recipient according to projections released yesterday by the board of trustees.

The actual cost-of-living adjustments for Social Security and Medicare Part B will be announced this fall.

More than 61 million seniors receive benefits under the program.

The average monthly payment is just over 12-hundred dollars.

1340 AM WBIW welcomes comments and suggestions by calling 812.277.1340 during normal business hours or by email at comments@wbiw.com