Social Security Benefits to increase by 1.7%

Older and disabled Americans will see a 1.7% cost of living adjustment for their benefits for the year 2015.   The 1.7% increase marks the third consecutive year that the COLA for social security beneficiaries is held under 2%. The government announced the benefit increase today.  The increase is based on the latest measure of consumer prices.  The Social Security Act provides for increases and those increases should be based on on inflation, mainly the Consumer Price Index. Social Security…

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