The Social Security Administration announced that benefits will increase 0.3 percent in 2017.

The increase is a cost of living adjustment tied to an increase in the Department of Labor’s Consumer Price Index, and will raise the average monthly Social Security benefit by about $4, to about $1,360, according to the SSA.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access