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Social Security to get 2.8% COLA

Social Security beneficiaries will receive a 2.8% increase in benefits next year, the largest cost-of-living adjustment since 2012.   A 2.8% increase would boost the average Social Security benefit by $39 to $1,461 per month next year. 

The earnings limit for individuals who claim Social Security before their full retirement age will increase to $17,640 in 2019, up from $17,040 this year.

Posted on Monday, November 26 by Registered CommenterWise Owl | Comments Off