Social Security recipients will see an increase in their benefits for 2019.
Benefits will rise almost three percent due to a cost-of-living adjustment announced back in the fall.
That’s the biggest jump in seven years.
For the average retired worker, it will mean about $39 more each month or $468 per year.
The cost-of-living adjustment is based on a broad index of consumer prices calculated by the government.
At the same time though, be on the lookout for scammers pretending to be from the Social Security Administration..
The S.S.A said so far this year, more than 35,000 people reported the scam, compared to just over 3,000 last year.
The scammers will often say your Social Security number is about to be suspended because of suspicious activity.
Your Social Security number will never be suspended and you do not have to verify your number to anyone who calls.
The Social Security Administration will never call to threaten your benefits or tell you to wire money or send cash.