Expect small Social Security benefit increase in 2013

[dkf]

WASHINGTON (AP) -- Social Security recipients shouldn't expect a big increase in monthly benefits come January.

Preliminary figures show the annual benefit boost will be between 1 percent and 2 percent, which would be among the lowest since automatic adjustments were adopted in 1975. Monthly benefits for retired workers now average $1,237, meaning the typical retiree can expect a raise of between $12 and $24 a month.

The size of the increase will be made official Tuesday, when the government releases inflation figures for September. The announcement is unlikely to please a big group of voters -- 56 million people get benefits -- just three weeks before elections for president and Congress.



Some of next year's raise could be wiped out by higher Medicare premiums, which are deducted from Social Security payments. The Medicare Part B premium, which covers doctor visits, is expected to rise by about $7 per month for 2013, according to government projections.


http://www.mercurynews.com/breaking-news/ci_21771340/expect-small-social-security-benefit-increase-2013

[doc03]

1. Have the Republicans come out with Obama cooked the numbers

to buy votes BS yet? Or is it if Romney was President you would get twice as much?

[DJ13]

2. expect a raise of between $12 and $24 a month.

Wow, so living in California I can afford an extra 2-3 gallons of gas for a whole month, lucky me!