Tag: COLA

  • Social Security Benefits Increase in 2024

    Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans increased 3.2% this year. On average, Social Security retirement benefits increased by more than $50 per month starting in January 2024. More than 66 million Social Security beneficiaries will see the 3.2% cost-of-living adjustment (COLA) beginning in January. Increased payments to…

  • Social Security Benefits Increase in 2023

    The 8.7 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 65 million Social Security (SS) beneficiaries in January 2023. Increased payments to more than 7 million Supplemental Social Security (SSI) beneficiaries will begin on Dec. 30, 2022.

  • SS Benefits Increase in 2020

    Each year, we announce the Social Security (SS) annual cost-of-living adjustment (COLA). In 2020, nearly 69 million Americans are receiving a 1.6 percent increase in their SS benefits and Supplemental Security Income (SSI) payments.

  • Social Security: Ring in the New Year With a COLA

    May people ring in the new year with champagne. People who receive Social Security or Supplemental Security Income (SSI) got to ring it in with a COLA. This year, more than 60 million Americans are receiving a 1.5 percent cost of living adjustment (COLA) in their monthly benefit payment. The 1.5 percent COLA began with…