Changes Coming to Social Security Benefits Next Year
Many changes are coming to Social Security benefits in 2015 that will give retirees larger checks and benefit statements for some workers, according to US News. Next year, Social Security recipients will receive 1.7% larger checks due to a cost-of-living adjustment. This will result in an average of $22 more per month for the average retiree, increasing the average monthly benefit to $1,328. The average benefit for retired couples both receiving Social Security will increase to $2,176, rising about $36 per month. Read more…
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