Why Did SSDI and SSI Payments Go Up in 2023?

Recipients of Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) may have noticed that their payments went up dramatically at the beginning of 2023. While not unwelcome, it may seem odd why SSDI and SSI payments went up so much. Why did this happen, and what does it potentially mean for the future of SSDI and SSI?

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