Broker Check

Social Security Benefits Rise

Griffith News Network 

                                                                                                                   JIM GIFFITH

Your Future

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.

Our site is filled with educational videos, articles, slideshows, and calculators designed to help you learn more. As you search our site, send me a note regarding any questions you may have about any particular investment concepts or products. We'll get back to you quickly with a thoughtful answer.

By  Sean Allocca   Published October 11, 2018, 2:53 pm EDT
Financial Times

Social Security benefits to rise most in 7 years

Benefits for tens of millions of Social Security recipients and other retirees will tick up 2.8% next year as rising inflation boosts cost-of-living expenses, according to the Social Security Administration.

COLA 2019 IAG social security

The increased payout is the second-largest increase in the last decade — when the cost-of-living adjustment peaked at 5.8% — but still only accounts for an added $39 a month for the average recipient. Benefits are expected to hit $1,461 a month on average for all retired workers next year, according to government data.