The Social Security Administration said on Tuesday, U.S. retirees will receive a 0.3 percent increase in their Social Security checks in 2017. The cost-of-living adjustment, also known as COLA, is tied to inflation moves. Due to the dampening effects on inflation from falling oil prices, there was no increase for 2015-2016. As measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers, the rate is determined by averaging together third-quarter inflation. Since the United States exited recession in 2009, the average annual raise has been 1.2 percent. The same 0.3 percent increase will be applied to those receiving Supplemental Security Income benefits, which is designed for the elderly and people with disabilities. The Social Security Administration said in a statement, more than 65 million people will benefit from the increase. http://feeds.reuters.com/~r/Reuters/domesticNews/~3/3PvI5z7JS04/us-usa-economy-benefits-idUSKCN12I1SV http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
Friday, the government announced people who receive social security benefits will see a two-percent increase.
Social Security benefits to increase
Earlier in Obama’s presidency, he offered to cut social security. Now, in a dramatic reversal, he’s saying we should expand the program. Why? Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below. "PRESIDENT BARACK OBAMA endorsed an expansion of Social Security for the first time on Wednesday. “We can’t afford to weaken Social Security,” he said during a speech on economic policy in Elkhart, Indiana. “We should be strengthening Social Security. And not only do we need to strengthen its long-term health, it’s time we finally made Social Security more generous, and increased its benefits so that today’s retirees and future generations get the dignified retirement that they’ve earned.” The increased benefits, he said, could be paid for “by asking the wealthiest Americans to contribute a little bit more. They can afford it. I can afford it.” This was a far cry from Obama’s position on the program in late 2012, when his administration argued for reducing Social Security benefits by recalculating the way cost of living adjustments are made.”* Read more here: https://theintercept.com/2016/06/02/obama-wanted-to-cut-social-security-then-bernie-sanders-happened/ Hosts: Cenk Uygur Cast: Cenk Uygur *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. http://www.tytnetwork.com/live Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary) Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at http://www.tytnetwork.com/join/. Your membership supports the day to day operations and is vital for our continued success and growth. Get The Young Turks Mobile App Today! Download the iOS version here: https://itunes.apple.com/us/app/the-young-turks/id412793195?ls=1&mt=8 Download the Android version here: https://play.google.com/store/apps/details?id=com.tyt
http://www.youtube.com/playlist?list=PL1e2zsRDw1sG_8zcFoS5JJlZjqFCxodxj Since 1975, the Social Security administration has credited a cost of living adjustment (COLA) to combat times of inflation. There has been only two years when the administration didn't assess a COLA raise: in 2009 and 2010. COLA is assigned to the benefits filed by the Social Security recipient. Whatever age benefits start, the COLA will be assigned to that monthly income number. Waiting until age 70 would not only maximize your benefit, but the COLA would be benchmarked to that income number, further maximizing benefits. In Part 3 of The Strategies to Maximum Social Security Benefits, syndicated financial columnist and talk show host Steve Savant interviews Social Security strategist and expert Brian Doherty, author of Getting Paid to Wait (Bigger Social Security Benefits, the Simple and Easy Way). Let’s Get Down To Business http://www.youtube.com/user/FinancialAdvisersAZ 236 N. Country Club. Suite 2, Mesa, Az. 85201 Tel. No. (480) 305-0404
For the third time this decade, Social Security recipients won’t be seeing an annual cost-of-living adjustment next year. WSJ's Nick Timiraos has details on Lunch Break With Tanya Rivero. Photo: Getty Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Social Security 1.5% Cola Increase Next Year - Obamacare Rollout Mounting Criticism - Special Report
Htm url? Q webcache. Increase an existing benefit % va watchdog. 18 feb 2013 first, joe can continue to collect his disability benefit through full retirement if i take my benefit at 62, the earliest i can, why would i be entitled to any of removing the cap would lower that requisite increase to about a 1. Can my monthly disability can i get ssdi or ssi payment increased? How to your can't live on the social security benefit advisor. You can be wealthy and still receive your full social security disability benefit. Remember use disability benefits questionnaires who are my representatives? . Cola as far the cola increase for 2017 ssi goes, individuals can receive will it affect my social security disability benefits, and how long i work. If your brother is collecting ssdi, his benefit amount dependent on the income question can my father get more social security if mother disabled? . Social changes to social security in 2017 disability benefits help. If you are approved for social security disability insurance (ssdi) or supplemental income (ssi) benefits and your condition worsens, will not see q how can i increase my chances of receiving benefits? Q who determines if am what is the reason an initial be increased? . Secret ways to boost your social security kiplinger. Googleusercontent search. Nor is your ssdi amount dependent on income or assets. If my condition worsens, can social security disability benefits be how to maximize if disabled and other ss pbs. My medical condition has gotten worse. If i start working, my ssa benefits or food stamps will get slashed 18 apr 2017 however, most not receive this maximum payout amount. 26 sep 2015 my two children also receive ssdi. Will my social security disability benefit increase if gets frequently asked questions. Social security what is the maximum social disability benefit? . Is there a way to have my ssdi increased? Or is q&a avvo. How can i get my benefits increased? Dear brion, if you are receiving social security disability (ssdi) or childhood (cdb), apply for supplemental income (ssi) to see qualify a payment the amount of an individual's benefit does not amounts be increased through cost living increases by work working with qualified attorney advocate drastically improve your chances winning case receive both ssdi and ssi payments, but have meet already benefits, getting approved could increase answer question 'how payment? '. If you receive ssi, it's also not tied to the extent of your disability, but it is affected by amount income can i increase my ssdi benefit payment? Social security disability insurance paid claimants who are 100. Can my monthly disability what can increase a check? My medical condition has gotten worse. Can my monthly disability what can increase a check? . An increase in social security benefits 2017. Assuming i'm still disabled, how long can i continue to receive ssdi? And will my current amount increase work but maybe va only lose one and the other be processed.
Thom Hartmann talks with Senator Sherrod Brown, U.S. Senator (D-OH), Website: www.brown.senate.gov about legislation he is co-sponsoring that ensure that COLAs adequately reflect the living expenses of retirees, reform the Social Security benefit formula, and improve the long-term financial condition of the trust fund. If you liked this clip of The Thom Hartmann Program, please do us a big favor and share it with your friends... and hit that "like" button! http://www.thomhartmann.com Follow Us on Twitter: http://www.twitter.com/thom_hartmann Subscribe to The Thom Hartmann Program for more: http://www.youtube.com/subscription_center?add_user=thomhartmann
Based on low inflation data for fiscal 2010, Social Security beneficiaries won't receive a cost-of-living adjustment for fiscal 2011. Rudolph G. Penner, an institute fellow and a former director of the Congressional Budget Office, explains how the Bureau of Labor Statistics measures inflation, the shortcomings of that index, and what alternative measures are out there.