WASHINGTON (AP) — Millions of Social Security recipients and other retirees can expect another small increase in benefits next year.
Preliminary figures suggest that the annual increase will be around 2 percent, which would mean an extra $25 a month for the average beneficiary.
The Social Security Administration is scheduled to announce the cost-of-living adjustment Friday morning. The annual increase hasn’t topped 2 percent since 2012.
The COLA affects benefits for more than 70 million...