July 28, 2014

SSA, RRB benefits to rise by only 1.5 percent

WASHINGTON – Social Security benefits for nearly 58 million people will increase by 1.5 percent next year, the government announced Wednesday.

The increase is among the smallest since automatic adjustments were adopted in 1975. It is small because consumer prices haven’t gone up much in the past year.

Read the complete story at the Associated Press.