Social Security recipients shouldn't expect big increase in Jan. - ABC 33/40 - Birmingham News, Weather, Sports

Social Security recipients shouldn't expect big increase in January

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Social Security recipients shouldn't expect a big increase in monthly benefits come January.

Preliminary figures show the pay raise will be between 1 and 2 percent, which will be among the lowest since automatic adjustments were adopted in 1975. 

It amounts to between $12 and $24 per month.  

The cost-of-living adjustment is tied to a government measure of inflation adopted by Congress in the 1970s. It shows that consumer prices have gone up by less than 2 percent in the past year.

The raise will be made official Tuesday, when the government releases inflation figures for September.

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