Social Security Recipients to Get a Raise of 3.6% in 2012

For the first time since 2009, much to the happiness of Social Security recipients, a 3.6% raise beginning in January of 2012 will go into effect.

Not to look a gift horse in the mouth, but to stay grounded, here are a couple of items for recipients to remember:

  • Medicare premiums will be rising, substantially, in some cases, which may cut into the net increase.
  • There have been talks of adjusting the methods for calculating COLA adjustments in the future. These possible adjustments appear to tone down the future increases.

Bottom line, enjoy the increase as it has been a long time in coming!

Have a Great Day!



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