Retirees to receive 3.6% hike in 2012 Social Security benefits

Orivell Salmons and Helen Forsee of Fulton agree the 3.6 percent cost-of-living increase in Social Security is long overdue but it will be offset by increases in costs of Medicare insurance and other purchases.

Orivell Salmons and Helen Forsee of Fulton agree the 3.6 percent cost-of-living increase in Social Security is long overdue but it will be offset by increases in costs of Medicare insurance and other purchases. Photo by Don Norfleet.

Retired older adults haven’t received a cost-of-living increase in Social Security benefits since 2008, but next month the average recipient is expected to receive $43 more in their monthly payment.

January Social Security checks will have 3.6 percent more added to the monthly payment.

Orivell Salmons and Helen Forsee of Fulton are both receiving Social Security benefits and they agree the cost-of-living increase is overdue.

“We need an increase. Everything else is going up more. The supplemental Medicare health insurance is going up along with a lot of other things. Just look at the price of groceries and gasoline,” Forsee said.

“This no doubt will help poor people a lot,” Salmons said. “Forty dollars might mean a lot to some people. Some people are having a hard time finding something to eat. Money is tight. Jobs are hard to find. When you find one, it won’t pay much.”

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