Social Security and Supplemental Security Income payments will jump 5.9 percent in January, the government said Wednesday, the biggest increase in nearly 40 years.
The average retiree will see his or her monthly benefit go up $92, from $1,565 to $1,657, according to the Social Security Administration. The average older couple, both receiving benefits, will see a hike of $154, from $2,599 to $2,753. And the average disabled worker will see an increase of $76, from $1,282 to $1,358. Read more