(CNN) - Social Security benefits will increase next year, but not by much.
The
American Institute for Economic Research estimates recipients can expect a bump
of 1.5 - 1.7 percent in their benefits. That's less
than half of the 3.6 percent cost of living increase recipients
received earlier this year when inflation was higher.
The Labor Department
will release its September inflation reading next week. It's the final of 12
readings used to calculate the cost of living adjustment made annually to
benefits.
The Social Security Administration will announce the 2013 benefit
increase at that time.
