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Retired Americans collecting Social Security payments will get their biggest payout in seven years starting in 2019.
Social Security benefits are slated to go up by 2.8 percent in 2019, making it the biggest gain for Social Security beneficiaries since payouts rose by 3.6 percent in 2012, MarketWatch reported Thursday.
Government - Figures - US - Bureau - Labor
The government released the figures after the U.S. Bureau of Labor Statistics (BLS) published its Consumer Price Index (CPI) Summary on Thursday. All increases in Social Security benefits are determined by the CPI, which rose by 0.1 percent in September.
The average recipient in 2018 got an estimated $1,405 per month in...
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