Next year, millions of Americans will receive increased retirement benefits.
On Friday morning, the government announced its plans to increase pensions by 2%.
Beginning with the January 2018 monthly minimum payment will be 1,404 dollar, which is $ 27 more than the former 1377 dollars.
Given the rising price of rent, medical services and food, this financial aid expect many Americans. Receive benefits not only older people who have retired, but also people with disabilities and families who lost their breadwinner.
It is noteworthy that with the 2012 year, when pensions increased by 3.6%, this is the largest increase. At the beginning of the 2017 pension increased by 0.3% and in 2016 of growth of no.
However, some argue that such an increase is unable to compensate for rising prices.
«Tens of millions of families who depend on social benefits, this increase may not cover the necessary expenses for drugs, utilities and housing,» — said General Director of the American Association of Retired Jo Ann Jenkins.
As reported by KTLA, receive a pension of about 62 million people.
