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In mid-October 2018, Facebook users shared an inaccurate meme asking Were any of you aware that ALL the Democrats voted AGAINST the 2.8% Social Security cost of living increase?: No Democrats, or any other legislators for that matter, voted for or against the 2.8 percent cost of living allowance (COLA) increase that Social Security recipients will see beginning in 2019. Since 1975, COLA increases have kicked in automatically and are based on changes in the consumer price index, a figure calculated by the U.S. Bureau of Labor Statistics. Here's how the Social Security Administration has summarized the history of COLA increases: The latest increase will affect 62 million Social Security and Supplemental Security Income (SSI) recipients starting in January 2019. It's the largest increase since 2012, when beneficiaries saw a 3.6 percent boost.
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