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Social Security beneficiaries may get biggest raise in 6 years

Social Security beneficiaries are projected to receive a 2.2% cost-of-living increase next year, the most since 2011, the trustees who oversee the program said Thursday. That would be about $30 a month for the average retired worker. But It's a relative bonanza compared to the 0.3% adjustment for this year and the unchanged paychecks in 2016. The cost of living adjustments have been low because of unusually weak inflation in recent years. Social Security officials will release the official cost-of-living increase for Social Security recipients in October Related: You're going to get less in Social Security than your parents The ins and outs of applying for Social Security benefits 16 things to know before you begin taking Social Securit ...