Social Security recipients will receive cost of living raise in 2018

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Due to low inflation, Social Security recipients haven't gotten much of a COLA increase in recent years. The percent change has not exceeded 1.7 percent since 2011, according to AARP. WASHINGTON -- Social Security beneficiaries will get a 2 percent cost-of-living increase in 2018, an inflation-related bump that works out to about $25 a month for the average person, the Social Security Administration said Friday. The increase applies both to people getting retirement benefits  and those getting disability insurance benefits. The estimated average monthly benefit for a retired worker will go from $1,377 a month to $1,404. For an aged couple where both people receive benefits, the average monthly amount will go from $2,294...

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