The Social Security has been a controversial institution. I have heard lots of complaints about it. But the newest news can be a good news for some, particularly for retirees. Due to the cost of living, Social Security benefits will go up in January. Social Security benefits have not gone up since 2009. The increase is good news for retirees in this slow economic climate. Many seniors, however, will see much of that boost devoured by increased Medicare premiums. Source for this article: Social Security benefits to increase for the first time since 2009.