2018 COLA increase to be 2%
The Social Security Administration has just announced that the cost of living adjustment (COLA) for all beneficiaries will be 2% starting in 2018. While this only represents about $25/month for the average recipient, it’s the biggest in the last five years, and certainly better than this year’s paltry 0.3% increase or the zero percent received in 2016. This U.S. News & World Report article by AP’s Stephen Ohlemacher discusses the increase and what it means to the millions of recipients of Social Security benefits. Click here to read more.
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