Social Security benefits to rise 1% to 2% in 2013

Source: Stephen Ohlemacher - Associated Press

Social Security recipients shouldn't expect a big increase in monthly benefits come January. Preliminary figures show the annual benefit boost will be between 1% and 2%, which would be among the lowest since automatic adjustments were adopted in 1975. Monthly benefits for retired workers now average $1,237, meaning the typical retiree can expect a raise of $12 to $24 a month next year.

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