Social Security Raises Expected To Be Small

CBS New York

NEW YORK (CBSNewYork/AP) — Social Security recipients are slated to receive only a small bump on their checks next year.

As 1010 WINS’ Glenn Schuck reported, preliminary figures suggest a benefit increase of roughly 1.5 percent, which would be among the smallest since automatic increases were adopted in 1975, according to an analysis by The Associated Press.

Next year’s raise will be small because consumer prices, as measured by the government, haven’t gone up much in the past year.

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“They should give the people a chance to bring themselves up to live a better life in this society,” Jenai, a Social Security recipient, told Schuck. “You pay into it all those years, and then everybody just stops and gives you what they want to. That’s not fair to the people.”

Roger said he just moved…

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