Social Security payments to rise

Social Security payments are going to rise for the first time in two years.

The federal government announced the 3.5 percent increase to Social Security checks Wednesday.

The increase, which is tied to the consumer price index, will take effect in January.

This is the first increase since 2009, because inflation was too low to merit a raise.

A congressional analysis says the average Social Security benefit will rise by just over $500 a year.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email: newscenter16@wndu.com
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 132144818 - wndu.com/a?a=132144818
Gray Television, Inc.