Andrew Harrison

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Video: Slight Increase in Social Security Benefits

WASHINGTON D.C. – Social Security benefits will increase in 2013, but not by much.

The American Institute for Economic Research estimates recipients can expect a bump of one-point-five to one-point-seven percent in their benefits.

That’s less than half of the three-point-six-percent cost of living increase recipients received earlier this year.

The Social Security Administration will make it official with an announcement later this month