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That's because changing Social Security benefits required an act of Congress-literally. It took until 1950 for Congress to approve the first adjustment to Social Security benefits, an across-the-board increase of 77%. 3 Future increases were far from annual and also required Congress to pass legislation.
The slight increase in Social Security income means that the maximum monthly Social Security benefit at full retirement age will be $2,687 per month in 2017; however, the chance that someone gets that amount depends entirely on their past earnings and when they claim their Social Security benefits.