Seniors on social security are getting a raise, but will it help in a struggling economy?
Starting in January, those who receive social security benefits can expect a 1.7 percent increase in their checks.
KSFY News spoke with some seniors today to get their thoughts.
There was one word heard over and over today, and that was "disappointing."
And here's why, the average south Dakota recipient gets $1058 a month. The 1.7 percent increase comes to about $18 extra a month.
Many of the seniors we spoke with say it's just not enough.
Shirley Reilly is disappointed in the cost of living raise
"The cost of living has gone up more than the benefit that they're going to give us, your health insurance goes up, the cost of groceries goes up, gas has gone up, utilities...," Reilly said.
Reilly says getting by in this economy means knowing how to budget.
"You have to budget, you have to look at, turn off your lights because you can't afford a high utility bill, you watch what you do, you watch your driving so you can make the best use of your gas," Reilly said.
But reilly says there are some things you can't plan for.
"If you have a medical condition, you can't always budget it because sometimes you hav to get medications that are costly and it means you have to spend more than that then you planned. then you cut somewhere else and more than likely in your food," Reilly said.
Dennis Eisnach, president of the South Dakota AARP, says many seniors say the raise doensn't help offset the rising costs of healthcare and prescription drugs.
"Unfortunately, some of the people that are receiving social security, the biggest percentage of their income is from social security," Eisnach said.
Reilly says she feels lucky she doesn't rely completely on social security benefits to survive.
"This isn't my main source of income. I do part time work on ocassion. I have a pension fund that comes in handy now and then but there are things. Not everybody has that to rely on," Reilly said.
Here in South Dakota, nearly 19 percent of social security recipients rely on those benefits for 90 percent of their income.
And nearly half, rely on social security for 50 percent or more of their income.
Thursday, February 20 2014 7:42 PM EST2014-02-21 00:42:09 GMT
Behind the glory of football there are the scars and bruises. Some visible, some not. We still have much to learn about the health risk football puts on it's players, but some of the biggest strides inMore >>
Behind the glory of football there are the scars and bruises, some visible, some not. We still have much to learn about the health risk football puts on it's players, but some of the biggest strides in research are happening on South Dakota's fields.More >>
Saturday, March 8 2014 8:17 PM EST2014-03-09 01:17:06 GMT
ST. PAUL — The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), St. Paul Field Division Special Agent in Charge Scott D. Sweetow today announced a reward of up to $5,000 for information leadingMore >>
There is a $5,000 reward for information leading to the arrest of the suspect(s) responsible for the arson fire to the Colonial Inn Motel, in Yankton.More >>
Saturday, March 8 2014 8:05 PM EST2014-03-09 01:05:09 GMT
Despite a warm-up on the way in our forecast, taking a dip into water outside may be the last thing on our minds. In Huron, Saturday, if it was for a good cause, it was hard to say no. More than 200More >>
Brave souls plunged into icy cold water in Huron, Saturday, for a good cause. More >>
Saturday, March 8 2014 6:54 PM EST2014-03-08 23:54:51 GMT
The three Americans on board the Malaysia Airlines flight that went missing in Southeast Asia have been identified and include two young children, according to the flight's manifest. ABC News reportsMore >>
Malaysia Airlines previously reported that one of the Americans on board the flight was an infant.More >>
Saturday, March 8 2014 6:46 PM EST2014-03-08 23:46:53 GMT
Chances are, those security breaches that affected major retailers are still fresh on our minds. Now, consumers and companies are coming up with new ways to protect themselves online. A cybersecurityMore >>
The cybersecurity event DakotaCon is happening this weekend. It's a real world exercise. Each college team or "IT team" goes in and secures a network from outside use. A group of "hackers" are on hand trying to break the team's security breach.More >>
Saturday, March 8 2014 11:06 AM EST2014-03-08 16:06:58 GMT
KUALA LUMPUR, Malaysia (AP) — Vietnamese air force planes on Saturday spotted two large oil slicks close to where a Malaysia Airlines Boeing 777 went missing earlier in the day, the first sign that theMore >>
There was no confirmation that the slicks were related to the missing plane, but the statement said they were consistent with the kinds that would be produced by the two fuel tanks of a crashed jetliner.More >>
Friday, March 7 2014 11:09 PM EST2014-03-08 04:09:14 GMT
KUALA LUMPUR, Malaysia (AP) - Search and rescue teams are looking for a Malaysia Airlines passenger jet with 239 people aboard - including three adult Americans and one infant. The airline says it lostMore >>
Malaysia Airlines says the plane was carrying 227 passengers, including two infants, and 12 crew members.More >>
Friday, March 7 2014 10:31 PM EST2014-03-08 03:31:23 GMT
Six weeks after arson shuttered the Co-op Natural Foods Store, shelves are stocked and customers are coming through the doors once again. And it's not just the food they're excited about. "The thingMore >>
Six weeks after arson shuttered the Co-op Natural Foods Store, shelves are stocked and customers are coming through the doors once again.More >>