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Social Security Q&A: How much did benefits increase in 2015?

Q: I heard that Social Security benefits increased at the beginning of the year. What is the average Social Security retirement payment that a person receives each month? A: You are right -- Social Security benefits increased this year. In 2015, nearly 64 million Americans who receive Social Security or Supplemental Security Income (SSI) began receiving a cost-of-living adjustment (COLA) increase of 1.7 percent to their monthly benefit payments. The average monthly Social Security benefit for a retired worker in 2015 is $1,328 (up from $1,306 in 2014). The average monthly Social Security benefit for a disabled worker in 2015 is $1,165 (up from $1,146 in 2014). As a reminder, eligibility ...

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