Social Security Gets First Raise Since '09

    Bruce and Esther Huffman sit a their computer Thursday, Sept. 15, 2011, in McMinnville, Ore. The elderly McMinnville couple has gained unexpected fame after their accidental webcam video reached viral status on YouTube. The three-minute clip of Bruce and Esther Huffman's attempt to snap a photograph on their new laptop computer had reached more than 285,000 viewers by Wednesday evening. (AP Photo/Rick Bowmer)

    Rick Bowmer / AP Photos

    Good news for retirees: in January, Social Security recipients will get their first cost-of-living increase since 2009. The boost is expected to be about 3.5 percent. There were no cost-of-living adjustments in the past two years due to low inflation rates—even though, over the same period, many recipients of Social Security saw their home values plummet and their retirement savings dry up.

    Read it at Associated Press