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Low Social Security COLA Expected Next Year
Preliminary figures show a 1 to 2 percent annual increase in Social Security benefits, the smallest since 1975, with typical retiree raises of $12 to $24 monthly. The official COLA will be announced with September inflation data, ahead of the elections. Medicare Part B premiums may offset part of the rise, with a $7 monthly increase anticipated for 2013.
MENTIONED IN THIS ARTICLE
Washington
Congress
Polina Vlasenko
American Institute For Economic Research
David Certner
AARP
U.S
Certner
U.S. Treasury
Financial Management Services
Philadelphia