Americans on Social Security will get a small increase in 2017.

FOX's Rachel Sutherland reports from Washington:

Social Security checks will go up by 0.3 percent next year, which amounts to around $4 a month per person, on average.

The tiny raise could be eaten up by Medicare Part B premiums, which are going up. This is the fifth year in a row of historically low Social Security cost-of-loving adjustments.

There was no increase at all in 2016. The federal government says next year's benefit hike is small because inflation is low, driven in part by lower fuel prices.

In Washington, Rachel Sutherland, FOX News.

Follow Rachel Sutherland on Twitter: @SutherlandFOX

(AP Photo)
(AP Photo)