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USA Social Security Benefits - Page 4

Social Security's real retirement age is 70:

The simple fact is that monthly benefits are highest at age 70 and are reduced actuarially for each year they are claimed before age 70. This is a relatively new development, which may explain why Social Security's retirement age is the best-kept secret in town. But I think it's time we told folks. Ref. Source 9

Benefits Security Social USA

A Secret Plan to Close Social Security's Offices and Outsource Its Work:

The summary document outlining the plan, which is labeled "For internal use only," Is unavailable from the SSA but can be found here. Ref. Source 3

USA Social Security Benefits History & Civil Business Politics

Social Security checks will rise by 1.7% -- which translates into $22 more each month for the average retired worker.

In 2015, the average worker will receive $1,328 a month, or $15,936 a year, according to the Social Security Administration.

Next year's annual cost of living increase is up from 1.5% this year, but still less than 2012's increase of 3.6%. Seniors received no increases to their benefits for two years prior as prices fell due to the recession. Ref. CNN

Page 4 Benefits Security Social USA

America's growing income gap is hurting Social Security, new report says

The growing income gap has cost Social Security $1 trillion over 30 years, report says. Ref. Source 2

Benefits Security Social USA

Social Security recipients will not get a cost of living increase in 2016, the first year since 2011 without a raise. Ref. CNN

USA Social Security Benefits

Social Security beneficiaries will receive a paltry 0.3% cost-of-living adjustment for 2017

The increase means that the average retired beneficiary's check will rise about $4 to $1,360 per month in 2017, up from $1,355 in 2016. Ref. USAToday.