For the second straight year, millions of Social Security recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.

Preliminary figures suggest a benefit increase of roughly 1.5%, which would be among the smallest since automatic increases were adopted in 1975, according to an analysis by The Associated Press.

Nearly 58 million retirees, disabled workers, spouses and children get Social Security benefits. The average monthly payment is $1,162. A 1.5% raise would increase the typical monthly payment by about $17.