Today, the Social Security Administration announced the 2017 Cost of Living Adjustment for beneficiaries will be 0.3 percent.
The COLA will take effect for more than 60 million Social Security beneficiaries beginning in January 2017.
Another 8 million Supplemental Security Income beneficiaries will see the COLA adjustment applied to checks beginning on December 30, 2016. SSI benefits are paid to qualifying low-income blind or disabled seniors, and some blind or disabled low-income adults and children.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
