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Social Security benefits to get another small boost in 2018

October 13, 2017

From the ABC News website

Millions of Social Security recipients and other retirees will get a 2 percent increase in benefits next year, the largest increase since 2012, thought it comes to only $25 a month for the average beneficiary.

The cost-of-living adjustment, or COLA, affects benefits for more than 70 million U.S. residents, including Social Security recipients, disabled veterans and federal retirees. That’s about one in five Americans.

The Social Security Administration announced the COLA Friday.

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