Social Security checks to rise? A look at past adjustments
By Brittany De LeaPublished October 10, 2018Personal FinanceFOXBusiness
The Social Security Administration will tell retirees on Thursday how much of a bump to expect in their checks next year, and some experts project it could be the biggest in years.
The Senior Citizens League, a nonpartisan senior advocacy organization, forecasts benefits will jump by 2.8 percent in 2019 – which would be the largest increase in seven years. That is slightly down from the group’s previous forecast of 3 percent, but would still boost the average beneficiary’s check by $39 per month – and raise the current maximum benefit collected by someone who retires at full retirement age by about $78 per month.
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