Social Security COLA is 4.1 percent

AP reports that "More than 48 million Americans will get a 4.1 percent increase in their monthly Social Security checks next year, the largest increase in more than a decade. For the average retiree, it will mean an increase of $39 a month." Although average person will get about 40 bucks more a month, the monthly Medicare premium will take about $10 more a month, and the new drug benefit could average $30. Here is SSA's news release.

Here's the top 10 previous COLA's
YEAR COLA
1980 14.30%
1981 11.20%
1979 9.90%
1975 8.00%
1982 7.40%
1978 6.50%
1976 6.40%
1977 5.90%
1990 5.40%
1989 4.70%