Forecasters Say SSA Checks Will Increase in 2019

September 19, 2018

From NBC in Philadelphia:

Good news for those who are collecting Social Security: Your monthly checks likely will be bigger next year.

The Social Security Administration generally announces its cost-of-living adjustment in October.

The Senior Citizens League, a nonpartisan organization, keeps an ongoing estimate of what that increase could be. The latest estimate — excluding September — pegs that increase at 2.8 percent. For those collecting the average Social Security benefit of about $1,400, that would mean an extra $39 a month.

If that does not change between now and October, that will be the highest bump retirees have seen in recent years.

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