Social Security Gets Inflation Adjustment of 5.8%
The largest inflation adjustment in 27 years will begin in January. It's the largest increase since a 7.4 percent jump in 1982 and is more than double the 2.3 percent rise that retirees got in their monthly checks starting in January of this year. The typical retiree's monthly check will go from $1,090 to $1,153. The average monthly check for a disabled worker will go from $1,006 to $1,064. Good news for 50 Million people who are strapped for cash and living on a fixed income. Using the money to offset the increased costs of food, medication, and energy the…
