The Social Security Administration has announced that recipients will be receiving an increase of 2% in 2018. This is an announcement that will be welcomed by retirees who saw only a .3% increase in 2017 and no increase in 2016.
Unfortunately many recipients of Social Security who are also on Medicare will find that the Social Security increase is eaten up by higher premiums for Medicare Part B.
Since 2000 the average Social Security increase has been 2.2%.
The Wall Street Journal has more.