Updated: 10/15/2013 8:22 PM KSTP.com By: Heidi Enninga
As the government shutdown continues that’s leaving tens of millions of Americans guessing about what will happen to their budgets.
Early figures from the associated press suggest next year’s benefit increase to social security will be about 1.5 percent.
That would be one of the lowest raises since automatic adjustments were adopted in 1975.
The exact cost of living adjustment won’t be known until after the Labor Department releases the inflation report for September. That’s held up because of the government shutdown.
Financial professional Skip Johnson from Great Waters Financial joined Jessica Miles at the 5 EYEWITNESS NEWS studio to talk about ways the millions of Americans who rely on this money can cope.