Your Social Security Benefits

How About Inflation and Social Security?

Your Social Security retirement check provides for an annual cost-of-living adjustment to keep pace with the Consumer Price Index.

For example, if you began receiving an annual Social Security retirement benefit of $6,000, your benefit would have increased to about $8,900, ten years later, assuming an average annual increase of 4%.

Share Article:
Add to GooglePlus
NOTICE: Trust products and services: i) are not deposits or other obligations of, nor are they guaranteed by, First United Bank & Trust or its affiliates; ii) are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other agency of the United States or by First United Bank & Trust or its affiliates; and iii) are subject to investment risks, including the possible loss of value.

NOTICE

First United offices will be closed, Saturday, August 20; to celebrate our employees with a company-wide event.

You may still access First United through our ATM Network, or using Online or Mobile banking.

×