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Social Security raise?
October 1st was the new fiscal year for the US government, is there going to be a raise for social security?
2 Answers
- JudithLv 79 years agoFavorite Answer
It hasn't been announced yet and won't be until the end of this month. Whether or not we get a raise depends upon the third quarter (July through September) Consumer Price Index (CPI). If this years CPI is higher than the CPI of the 3rd quarter last year than we get an increase; it it isn't then we don't.
Source(s): Retired social security claims rep. - ?Lv 79 years ago
We received an increase of 3.6% in January of this year. It is expected to be lower next year.
Source(s): Senior citizen