The Latest On Social Security

Tue, 11/29/2011

Benefits increase for 2012. Ideas for reform are numerous.

Presented by Craig W. Tower, CFP®

Social Security gets its first COLA since 2009.  As moderate inflation has made a comeback, the federal government has decided to boost Social Security benefits by 3.6% for 2012. This means an average increase of $39 per month for 55 million Social Security recipients ($467 for all of 2012). Also, more than 8 million Americans who get Supplemental Security Income will get $18 more per month ($216 for 2012).

 

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