Social Security Recipients Face Increase in Living Cost

Photo courtesy of St. Louis Post-Dispatch

Social Security recipients should expect a cost-of-living increase of 1.5 to 1.7 percent for next year, according to the American Institute for Economic Research.  The institute says that’s not enough.

The Social Security Administration is expected to announce the size of the increase a week from today. The increase is set according to the Consumer Price Index for September, which is also due next week.

Seniors this year got a 3.6 percent cost-of-living boost. Read more on St. Louis Post-Dispatch.

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