Your 2% COLA increase will start in 2018
After several years of no and very low COLA increases, Social Security beneficiaries will finally see a decent 2% raise in their benefits starting in January of next year. While certainly not a windfall, the average retired worker getting $1,377 can expect their January check to be about $1,404 per month. Spouses and disabled workers can expect a similar raise in benefits. This Queens (NY) Chronicle article by Anthony Medina explains all about the coming COLA increase and what it means to Social Security recipients. Click here to read more.