Social Security Benefit to Increase 2.8 Percent in 2019

[AARPLynne]

Social Security benefits will increase 2.8 percent in 2019, the largest cost-of-living adjustment (COLA) in seven years. AARP Chief Executive Officer Jo Ann Jenkins said in response, “The COLA brings needed income security to those depending on their earned, modest benefits. Unfortunately, the cost of living increase may not adequately cover expenses, including health, prescription drug, utility and housing costs.” (Read more...)

For answers to Social Security questions, including when to claim, AARP has launched the Social Security Resource Center, a one-stop shop for consumer information.

What do you think about the 2.8% COLA increase?

[RobertH489899]

Better than a sharp stick in the eye!  Never turn down a raise, they only come around every so often!

[ss11943859]

What do I think of the 2.8 % increase ??

It's virtually useless since Medicare premiums increase at the same time.

So-o-o-- what increase ?

[GailL1]

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@ss11943859 wrote:

What do I think of the 2.8 % increase ??

It's virtually useless since Medicare premiums increase at the same time.

So-o-o-- what increase ?

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Unless you are a higher income beneficiary or unless your income went up substantially from getting Extra Help to not getting Extra Help, the Part B premiums only went up from $134 per month to $135.50 for most everybody and that ($ 1.50 ) is far less than the 2.8% COLA for 2019.