Social Security COLA

October 14, 2012 - 9:33 AM
In this photo taken Aug. 1, 2012, Janice Durflinger poses for a photo at her workplace in Lincoln, Neb. Durflinger, who runs computer software programs for a bank, says she still works at 76, “because I have to.” Social Security recipients shouldn't expect a big increase in monthly benefits come January. Preliminary figures show the annual benefit boost will be between 1 percent and 2 percent, which would be among the lowest since automatic adjustments were adopted in 1975. Monthly benefits for retired workers now average $1,237, meaning the typical retiree can expect a raise of between $12 and $24 a month. (AP Photo/Nati Harnik)