With the Cost-of-Living-Adjustment (COLA) being officially announced, seniors are feeling excited that their Social Security benefits will rise.
But how high of a boost can a person expect?
This list provided by CNBC covers benefit increases for retired workers, dual-benefit households, widowed mother households, childless widows, and disabled workers with or without spouses and children.
On average benefits are jumping about $140 per month, though some people can expect more. But all retirees could be missing out on Social Security benefits — the amount seniors miss out on could be due to their rightful increases being overlooked by policymakers.
What will you do with your increase? Do you believe seniors were treated fairly with this boost? Tell us your thoughts!
