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2018 Social Security COLA increase expected for retirees

Will the 2018 Social Security COLA be raised as high as the SSA's 2.2% median projection? If not, you have September to blame for that, experts say.

By Nick Thornton | Updated on September 14, 2017
Will the 2018 Social Security COLA be raised as high as the SSA's 2.2% median projection? If not, you have September to blame for that, experts say. (Photo: Shutterstock)

The more-than 41 million retirees receiving Social Security checks in 2017 can expect to see an increase in monthly benefit checks in 2018, but the bump is expected to be lower than the Social Security Administration projected earlier this year.

The SSA’s 2017 trustees’ report, released last July, projected the 2018 COLA to be 1.7 percent on the low end and 2.8 percent on the high end. The median projection was 2.2 percent.

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Nick Thornton

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.

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