Social Security Beneficiaries to Receive 3.6% Increase

Fifty-five million Social Security beneficiaries will receive a 3.6 percent cost-of-living adjustment next year, the U.S. government said today.

The COLA increase, the first since 2009, takes effect in January. Eight million Americans participating in the Supplemental Security Income program, which provides cash assistance to the blind and disabled poor, will receive the same 3.6 percent boost.