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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.
The American Institute for Economic Research, an independent think tank, thinks the new increase will be less than inflation as seniors really experience it. The institute's own measure of frequently purchased items was up 2 percent as of August. Food was up 2 percent, motor fuel 1.9 percent and medical care 4.1 percente
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guestimate would be about $20 a month for most members of our soar group
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.
The American Institute for Economic Research, an independent think tank, thinks the new increase will be less than inflation as seniors really experience it. The institute's own measure of frequently purchased items was up 2 percent as of August. Food was up 2 percent, motor fuel 1.9 percent and medical care 4.1 percente
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guestimate would be about $20 a month for most members of our soar group
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