Did you know that the rising cost of living is causing a significant increase in monthly expenses for many people living in the state of Washington? This article claims that inflation in the District of Columbia is 13%.<\/p>\n

Happily, the 70 million or so Americans who rely on Social Security benefits can take heart in some encouraging developments. Average recipients will see a $1,680 increase in their annual Social Security benefits, or an extra $140 each month.<\/p>\n

Read more<\/strong>:\u00a0Senator Fetterman Got \u2018lightheaded\u2019 and Had to Be Taken to the Hospital During a Retreat.<\/a><\/p>\n

Mary Johnson, a policy analyst at the Senior Citizens League, said, “A Social Security cost-of-living-adjustment of 8.7 percent is rare – enjoy it now.” The current beneficiaries may never again see a COLA of this magnitude.<\/p>\n

Just how does this modification to my Social Security benefits work?<\/p>\n

Millions of people’s lives will be drastically improved by the new cost-of-living increase (COLA). The cost of living adjustment (COLA) is intended to offset the effects of inflation on Social Security and Supplemental Security Income (SSI) payments.<\/p>\n

Read more<\/strong>:\u00a0New Jersey Allocates $10 Million to Bolster a Programme That Links Officers With Mental Health Experts.<\/a><\/p>\n

Benefits for eligible persons have increased by 8.7 percent this year due to inflation reaching record highs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Did you know that the rising cost of living is causing a significant increase in monthly expenses for many people living in the state of Washington? This article claims that inflation in the District of Columbia is 13%. Happily, the 70 million or so Americans who rely on Social Security benefits can take heart in […]<\/p>\n","protected":false},"author":34,"featured_media":44914,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[44,589,501,417,506],"class_list":{"0":"post-44913","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-news","9":"tag-news-break","10":"tag-social-security-benefits","11":"tag-united-state-of-america","12":"tag-washington"},"_links":{"self":[{"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/posts\/44913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/comments?post=44913"}],"version-history":[{"count":0,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/posts\/44913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/media\/44914"}],"wp:attachment":[{"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/media?parent=44913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/categories?post=44913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newjerseylocalnews.com\/wp-json\/wp\/v2\/tags?post=44913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}