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Retiree Cheers Third Social Security Pay Rise in Three Years
George F. Stephens, a retiree, welcomes a 5.9 percent July 1 boost that adds about $19 monthly. He notes this is the third increase in three years and compares it to past inflation and union gains. Social Security cites new maximums of $447.40 for a 65 year old woman and $437.10 for a man, with couples averaging about $400 monthly. Stephens hopes the fund remains solvent and predicts retirees will adjust as costs, pensions, and travel rise.
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Social Security
George F. Stephens
Stephens