Roughly 70 million Americans are likely to see a notable boost in their monthly checks.
Beneficiaries can expect the final COLA to be released on Thursday following the release of the inflation figures for September, according tothe highest COLA increase since 1981For the average retiree who got a monthly check of $1,656 this year, an adjustment of 8.7% would boost the payment by $144.10, the Senior Citizens League said.
"A COLA of 8.7% is extremely rare and would be the highest ever received by most Social Security beneficiaries alive today," the Senior Citizens League said in a statement last month. "There were only three other times since the start of automatic adjustments that it was higher ."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Social Security COLA update coming this week - and it could be hugeThe Social Security Administration on Thursday will announce the cost-of-living adjustment for Social Security benefits, with recipients expected to see a record increase.
Consulte Mais informação »
Austin becomes unaffordable for its famous live music sceneAustin may be dubbed the 'Live Music Capital of the World' but many musicians are struggling to live in the city as the cost of living increases.
Consulte Mais informação »
Houston news you missed this week: Joe Espada awaits managerial future, Houston-Dallas bullet train updateHere are the biggest stories from the Houston Chronicle you may have missed last week.
Consulte Mais informação »