Dugan & Associates, P.C.
No Recovery - No FeeFree Consultation
Serving all of Western Pennsylvania
Local: 412-353-3572 Toll Free: 888-99-D-U-G-A-N Toll Free: 888-99-D-U-G-A-N

Social Security increase will impact small communities

Pittsburgh residents who rely on Social Security or Supplemental Security Income should notice an increase in their monthly checks to the tune of 3.6 percent. This cost of living adjustment is the first for Social Security benefits since 2009. In March 2011, it was estimated that the COLA would be an increase of 1.2 percent. Due to inflation, however, that percentage has tripled.

Social Security's COLA is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers. That number is compared in the third quarter from one year to the next.

While the COLA increase is triple its projection, Medicare Part B premiums will only increase approximately $3. The original prediction was a jump from $96.40 to $113.80 each month. The new basic Medicare premium will be $99.90 each month. It is the first premium change since 2008.

As a nation, Social Security accounts for 5.5 percent of income per capita. That number changes by county according to the size of the cities in the county. Generally, the smaller the population, the more they rely on Social Security. Social Security makes up 5 percent of income to those in urban counties, 8.2 percent of income to those in counties with small cities and 9.3 percent of income to those in rural counties. More than one out of five American in counties with small cities and rural counties received Social Security in 2009.

Counties with small communities benefit from Social Security partly because of the high number of retirees. Senior citizens who receive checks are likely to spend those checks locally, feeding the local economy. Some communities are comprised of the elderly to a point where, if Social Security dried up, so would the local economy.

Source: Plumas County News, "Social Security beneficiaries to see cost-of-living increase", Delaine Fragnoli, Jan. 4, 2012

No Comments

Leave a comment
Comment Information

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Pittsburgh Office
4 West Manilla Avenue
Pittsburgh, PA 15220

Phone: 412-353-3572
Phone: 412-922-0800
Pittsburgh Law Office Map

Beaver County Office
2002 McMinn St.
Aliquippa, PA 15001

Phone: 412-353-3572
Phone: 724-775-7372
Aliquippa Law Office Map

North Hills
6400 Brooktree Ct.
Wexford, PA 15090

Phone: 412-353-3572
Phone: 724-933-0133
Wexford Law Office Map

Butler County
2009 Mackenzie Way
Suite 100
Cranberry Twp, PA 16066

Phone: 412-353-3572
Phone: 724-283-7063
Cranberry Twp Law Office Map

400 Penn Center Blvd.
Suite 101
Monroeville, PA 15232

Phone: 412-353-3572
Phone: 412-261-1129

Westmoreland County
101 N. Main St.
Suite 104 - A
Greensburg, PA 15601

Phone: 412-353-3572
Phone: 724-836-7454

Washington County
2400 Ansys Dr.
Suite 102
Canonsburg, PA 15317

Phone: 412-353-3572
Phone: 724-743-0463
Canonsburg Law Office Map

Serving all of Western Pennsylvania Free Consultation