Cost of Living Adjustments to Social Security could cost you - KOTA Territory News

Cost of Living Adjustments to Social Security could cost you

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A proposed recalculation of the Cost of Living Adjustment for Social Security Benefits could cost KOTA Territory seniors.
 
Over the next ten years South Dakota seniors could lose out on more than $300 million over the next 10 years.

This includes a loss of $51 million for South Dakota's 75,000 Veterans.

Sarah Jennings, State Director for AARP South Dakota says the average monthly benefit is just $1,100 dollars.
 
And that check makes up more than half the monthly income for 40 percent of recipients in South Dakota.

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