NORTHAMPTON, Mass. (WWLP) – Seniors who collect social security can expect to see an increase in 2017, but 22News found out it won’t add up to much.
The good news for seniors is that social security benefits are going up, but when the check comes, it will only be enough to buy an extra cup of coffee.
The average retiree will get between $2.61 and $6.53 more, on average, per month. That’s an increase of between 0.2 and 0.5% in 2017. Most seniors who collect get a check that’s about $1,300.
22News went to the Northampton Senior Center to get the reaction of people who rely on the government for income to live.
Henry Kowalski, of Northampton said, “I don’t know how anybody is going to try to survive with the way the prices of everything are today. They would have to have something saved while they were working to try and survive. I will say that the system is broken. How we are going to fix it, I don’t know, and nobody seems to know the answer.”
It’s still better than this year, when social security benefits were frozen and did not see any increase. It was only the third time that’s happened since the cost of living increase was put in place in 1975.