Posted: Oct 14, 2013 7:45 AM
WASHINGTON - Another year, another small raise for millions of people who rely on Social Security, veterans' benefits and federal pensions.
An Associated Press analysis of preliminary figures suggests that benefits will increase by roughly 1.5 percent in January. The raise will be small because consumer prices, as measured by the government, haven't gone up much in the past year.
For the second straight year, it would be among the lowest since automatic increases were adopted in 1975.
The exact size of the raise won't be known until the Labor Department releases the inflation report for September. That was scheduled for this coming Wednesday, but the report was delayed because of the government shutdown.
Social Security has given no indication that raises would be delayed but advocates say the uncertainty is unwelcome.
Do you have a tip, information about a breaking news story, or a story idea for 6 Investigates? Contact the KRIS 6 News Desk at 361-884-6666 or send us an email.
Send us your feedback. We want to hear from you!
Look at photos and videos and share them!
|KRISTV.COM Mobile Website
Get KRISTV.com on your mobile or PDA!
|KRISTV.COM Mobile Apps
Get our mobile apps on your mobile or PDA!
See the latest winning numbers!
|6 News Team
Read about your favorite KRIS-TV personalities!
|FCC Online Public File
FCC Public File of Records, Reports, and more