Tag: COLA

SSA Announces 2023 COLA Likely to Rise by 8%

The Social Security Administration has announced that the Cost of Living Adjustment (COLA) may rise as much as 8% next year. This is to account for rising inflation, which has driven up the cost of living across the country, and which has had a disproportionate impact on many lower income citizens. As a result, recipients of Social Security benefits, including Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) should see a substantial increase in their benefits over the next year.

Continue reading “SSA Announces 2023 COLA Likely to Rise by 8%”

Author adminPosted on June 9, 2022Categories Social Security LawTags COLA, Cost of Living Adjustment, Social Security disability benefits, SSDI, SSILeave a comment on SSA Announces 2023 COLA Likely to Rise by 8%

The Cost of Living Adustment (COLA) and How it Affects You

The Cost of Living Adjustment, also known as the COLA, is an important factor in determining what benefits people receive when they get Social Security disability benefits. However, not many people understand what the COLA is, or why it might be important to them. So what is the COLA, and how does it affect people receiving Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI)?

Continue reading “The Cost of Living Adustment (COLA) and How it Affects You”

Author adminPosted on March 15, 2022Categories Social Security LawTags COLA, social security disability, SSDI, SSILeave a comment on The Cost of Living Adustment (COLA) and How it Affects You

Social Security Benefits to See 5.9% Increase in 2022

The Social Security Administration (SSA) has announced that recipients of Social Security benefits will see a 5.9% increase in benefits in 2022. This represents the largest increase in Social Security since at least 2008. This increase in benefits will affect retirees collecting Social Security retirement benefits, as well as people collecting disability benefits through Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI).

Continue reading “Social Security Benefits to See 5.9% Increase in 2022”

Author adminPosted on October 21, 2021October 21, 2021Categories Social Security LawTags COLA, social security benefits, SSDI, SSI1 Comment on Social Security Benefits to See 5.9% Increase in 2022

What is the Cost of Living Adjustment (COLA)?

People who gain benefits through the Social Security Administration (SSA) may have heard before of the Cost of Living Adjustment, also known as COLA. The COLA has a significant impact on the amount of money that people with Social Security benefits receive, including those who get disability benefits. But what exactly is it, and how does it impact recipients of benefits like Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI)? Continue reading “What is the Cost of Living Adjustment (COLA)?”

Author adminPosted on June 2, 2021Categories Social Security LawTags COLA, social security administration, SSDI, SSILeave a comment on What is the Cost of Living Adjustment (COLA)?

Social Security, COLA and You

People who count on benefits from the Social Security Administration (SSA) for survival, including people on Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI), tend to pay close attention to how their benefits change from year to year. And yet, many SSDI and SSI recipients are unaware of the Cost-of-Living Adjustment (COLA), and how it affects their benefits. So, what is the COLA, and how does it impact you? Continue reading “Social Security, COLA and You”