{"id":1926,"date":"2016-10-26T11:21:37","date_gmt":"2016-10-26T18:21:37","guid":{"rendered":"http:\/\/springwaterwealth.com\/?p=1926"},"modified":"2016-10-26T11:21:37","modified_gmt":"2016-10-26T18:21:37","slug":"modest-increase-in-social-security-cost-of-living-adjustment-for-next-year","status":"publish","type":"post","link":"https:\/\/springwaterwealth.com\/modest-increase-in-social-security-cost-of-living-adjustment-for-next-year\/","title":{"rendered":"Modest Increase in Social Security Cost of Living Adjustment for Next Year"},"content":{"rendered":"<p>According to the Social Security Administration, benefits will receive a 0.3% increase in 2017, compared to the 0% increase they received this year.<\/p>\n<p>The average monthly benefit will increase to $1,360 from $1,355 starting in January.<\/p>\n<p>There was no automatic adjustment in 2016 because of low inflation.  Next year will mark the fourth consecutive year in which the Cost of Living Adjustment (COLA) was less than 2%.<\/p>\n<p>Earnings subject to Social Security tax will increase from $118,500 to $127,000.  The tax rate remains unchanged.<\/p>\n<p>Medicare premiums for some seniors may increase by more than the Social Security COLA.<\/p>\n<p>You can read more on the Social Security website <a href=\"https:\/\/www.ssa.gov\/news\/press\/releases\/#\/post\/10-2016-1\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Social Security Administration, benefits will receive a 0.3% increase in 2017, compared to the 0% increase they received this year. The average monthly benefit will increase to $1,360 from $1,355 starting in January. There was no automatic adjustment in 2016 because of low inflation. Next year will mark the fourth consecutive year [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_mi_skip_tracking":false,"footnotes":""},"categories":[3],"tags":[107,117,126,136],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts\/1926"}],"collection":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/comments?post=1926"}],"version-history":[{"count":0,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts\/1926\/revisions"}],"wp:attachment":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/media?parent=1926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/categories?post=1926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/tags?post=1926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}