Social Security to get 2.8% COLA
Social Security beneficiaries will receive a 2.8% increase in benefits next year, the largest cost-of-living adjustment since 2012. A 2.8% increase would boost the average Social Security benefit by $39 to $1,461 per month next year.
The earnings limit for individuals who claim Social Security before their full retirement age will increase to $17,640 in 2019, up from $17,040 this year.