Sen. Franken Applauds Increase in Social Security Benefits; Number of Affected Beneficiaries in Each MN County Included
More than 880,000 Minnesotans will Benefit
Today, U.S. Sen. Al Franken (D-Minn.) applauded the announcement that more than 880,000 Minnesotans, including more than 640,000 seniors, receiving Social Security will soon see an increase in their monthly Social Security checks. You can view the breakdown by county of how many Minnesotans will be affected by the increase in Social Security benefits here.
Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 60 million Americans will increase by 3.6 percent in 2012. This will be the first cost-of-living adjustment since 2009.
“During the Senior Listening Sessions I held across Minnesota, I heard from senior after senior about how challenging it has become to get by on their Social Security,” said Sen. Franken. “This long overdue increase in Social Security benefits will help our seniors living on a fixed income combat the ever-rising cost of living.”
The 3.6 percent cost-of-living adjustment will begin with benefits that nearly 55 million Social Security beneficiaries receive in January 2012. Increased payments to more than 8 million SSI beneficiaries will begin on December 30, 2011.
Yesterday, Sen. Franken participated in a committee hearing on the “Effects of the Recession on Older Americans” where he highlighted the unique cost-of-living challenges facing seniors - specifically the fact that they spend a disproportionate share of their income on medical care, and these costs increase faster than other costs.