WASHINGTON | Uptick in Social Security checks for 2019 as inflation rises
WASHINGTON — Tens of millions of Social Security recipients and other retirees will get a 2.8 percent increase in benefits next year as inflation edges higher. For the average retired worker, it amounts to $39 a month.
After a period of low inflation, the increase for 2019 is the highest in 7 years.
The cost-of-living adjustment, or COLA, affects household budgets for about one in five Americans, including Social Security beneficiaries, disabled veterans and federal retirees.