2% Cost of Living Adjustment Just Announced by Social Security for 2018
Social Security recipients will receive a 2% increase in their benefit in 2018. This benefit will affect more than 61 million Social Security beneficiaries and 8 million Supplemental Security Income beneficiaries. The increase is tied to the Consumer Price Index as determined by the Department of Labor’s Bureau of Labor Statistics.
For more information, see the 2018 Social Security Fact Sheet, provided by the Social Security National Press Office.