Nightly News   |  October 16, 2012

Social Security checks to rise 1.7 percent

The cost of living adjustment for 2013 will be 1.7 percent which amounts to an extra $21 a month for the average beneficiary. NBC’s Brian Williams reports.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> social security checks will get a tiny bit bigger next year. the federal officials announced today what the cost of living adjustment for 2013 will be. a 1.7% increase, which for the average beneficiary in this country amounts to an extra $21 a month. it's not much. that will bring the average monthly benefit to $ 1261 . the increase will be partially eaten up, of course, by higher medicare premiums.