Social Security: Higher Income Americans To Pay More, Benefit Barely Increases

Americans who receive social security heard news this week that there will be a meager increase in their monthly checks for 2017.

The Social Security Administration announced that the benefit would increase by 0.3 percent to reflect a cost of living increase.

Americans with higher incomes will also be paying more in payroll taxes next year to support the program.

Here & Now's Robin Young speaks with MSNBC's Ali Velshi about what's happening.

Ali Velshi, MSNBC anchor and economics correspondent. He tweets @AliVelshi.