The average recipient of Social Security will receive a slight increase in benefits in 2017, according to projections released Wednesday.
Trustees who oversee the nation's entitlement programs said in two new reports that they expect Social Security's cost-of-living-adjustment (COLA) increase to be 0.2% next year, based on "intermediate assumptions." The trustees also projected that Medicare's Hospital Insurance trust fund will run out of money earlier than previously predicted.
The small increase in Social Security next year — which equals an extra $2 for someone getting a $1,000 mont
Source of insurance-forums.net
Trustees who oversee the nation's entitlement programs said in two new reports that they expect Social Security's cost-of-living-adjustment (COLA) increase to be 0.2% next year, based on "intermediate assumptions." The trustees also projected that Medicare's Hospital Insurance trust fund will run out of money earlier than previously predicted.
The small increase in Social Security next year — which equals an extra $2 for someone getting a $1,000 mont
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