KNOXVILLE, Tenn (WVLT) -- Social security checks are going up $63 a month for the typical retiree.

That's the largest increase in more than a quarter century.

The 5.8% increase will go to the 50 million Americans receiving benefits.

We spoke to several seniors who says this could end up costing them more money.

Nancy Walker, 87, lives in subsidized housing.

The additional $63 a month in Social Security will cause her to lose benefits.

"Means i'm gonna pay more for rent for one thing," Grace Lindsey says.

It will cost her rent to increase because her income's going up, her food stamps will decrease and she may not continue to receive 20% off Medicade.

"They'll continue to struggle make it harder for many in our community," Walker told Volunteer TV News.

The yearly adjustment in Social Security checks is linked to government inlfation figures.

But advocacy groups say it's far short of what retirees need to keep up with rising living costs.

Charles Stevens is retired from the Navy.

He says the extra monthly income will put him into another tax bracket.

"It means we've got to pay more taxes, but we're grateful for what we can get," Stevens says.

Jean Robinson was a college professor for 6 years, but just retired in August and now regrets retiring so early.

So she can really use the extra social security money.

"My pension's in the stock market and i'm hurting so this increase will help me pay my bills," she says.

Helen Johnston's a retired Knox County School teacher who retired after 32 years. She is looking forward to the financial help.

"Since natural gas and electricity has gone up it's gonna be fabulous," she says with a smile.

So for some it could mean they pay more living expenses and taxes, but others are looking forward to the extra money.

The Social Security Administration usually has an annual increase of 2.5%.

The 5.8% increase was announced yesterday.