In the News

Title

Social Security Benefits to Rise 1.7% in 2015

Document Type

Article

Publication Date

12-1-2014

Abstract

In 2015 Social Security benefits will rise by 1.7 percent per the annual cost of living adjustment (COLA), affecting more than 58 million beneficiaries. According to the Social Security Administration, monthly benefits for the average retired worker will increase from $1,306 to $1,328, while benefits for average retired couple will rise from $2,140 to $2,176.