Average American on Social Security Gets $4 to $5 Monthly Increase in 2017

The average Social Security retiree will get a $5 per month raise in 2017, says Social Security today, but the Associated Press reports it to be more like $4. The increase cost-of-living adjustment (COLA) will be .3 percent for the more than 65 million Americans receiving Social Security and Supplemental Security Income (SSI) benefits, according to information released today by the Social Security Administration.

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