Economy

Social Security recipients getting a 0.3 percent increase

By Joseph Lawler
Published October 18, 2016 2:59pm ET
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Social Security recipients getting a 0.3 percent increase
Social Security recipients will see a 0.3 percent cost of living increase in their benefits for 2017, the Social Security Administration announced. | AP/Matt Rourke

Social Security recipients will see a 0.3 percent cost of living increase in their benefits for 2017, the Social Security Administration announced Tuesday.

The increase was based on the inflation information published by the Labor Department Tuesday, and will take effect for beneficiaries in December and January.

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Bernie Sanders Inflation Joseph Lawler Minusextra Social Security