Tag: 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)?”