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Social Security set to announce benefit increase
STEPHEN OHLEMACHER,Associated Press
• WASHINGTON (AP) -- More than 56 million Social Security recipients will soon find out how much their monthly payments will go up next year.
• The increase is tied to a government measure of inflation being released Tuesday morning.
• Preliminary figures indicate the increase will be between 1 percent and 2 percent. That would be among the lowest since automatic annual adjustments were adopted in 1975.
• The small increase reflects relatively low inflation over the past year. This year's increase was 3.6 percent.
• Social Security payments for retired workers average $1,237 a month, or about $14,800 a year.
• About 8 million people who receive Supplemental Security Income will also receive the increase, meaning the announcement will affect about one in five U.S. residents.
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10 Things to Know for Today
The Associated Press
• Your daily look at late-breaking news, upcoming events and the stories that will be talked about today (times in EDT):
• 1. CLINTON ON CONSULATE SECURITY: 'I TAKE RESPONSIBILITY'
• The Secretary of State pushed back against Republican criticism of the Obama administration for its handling of the attack in Libya.
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• 2. WHAT THE CANDIDATES NEED TO DO IN DEBATE TWO
• Romney needs to live up to the high expectations he set in the first debate, while Obama must be more aggressive without turning off voters in the town-hall style format, AP's Jim Kuhnhenn writes.
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• 3. WHEN A TERROR TRIAL IS HELD WITHOUT ANY TERRORISTS
• A judge says five Guantanamo Bay detainees accused in the Sept. 11 attacks can skip the rest of this week's hearings if they choose.
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