Nightly News   |  October 19, 2011

Social Security goes up

Social Security recipients will receive a 3.6 percent raise next year. The average increase of $39 a month works out to an additional $467 for the year. NBC’s Brian Williams reports.

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This content comes from a Full-Text Transcript of the program.

BRIAN WILLIAMS, anchor: And we learned today that senior citizens in this country, after two years with no cost of living adjustment, will see a 3.6 percent increase in Social Security payments next year. Average increase of $39 a month works out to an extra $467 for the year. Unfortunately, some of that increase will end up going toward higher premiums for Medicare that will be announced next week.