COLA
You Can Access Many of Our Notices Online
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In today’s digital world, many people prefer to conduct business online. Due to customer demand, we’re making more notices and other communications available through your personal my Social Security account. Besides being more convenient, the online, paperless option has other advantages. It is environmentally friendly, faster than U.S. mail, and eliminates lost, delayed, or misplaced […]
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Social Security Announces 2.5 Percent Benefit Increase for 2025
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Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase 2.5% in 2025, the Social Security Administration announced today. On average, Social Security retirement benefits will increase by about $50 per month starting in January. Over the last decade the cost-of-living adjustment (COLA) increase has averaged about 2.6%. […]
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Celebrate Earth Day 2024 by Opting Out of Paper Notices
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The first Earth Day was held on April 22, 1970, to promote the protection of our planet. At Social Security, we’re doing our part by reducing paper usage. We send notices as a way of communicating with our many customers – the 71 million Americans who receive benefits and the people who do business with […]
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Social Security Benefits Increase in 2024
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More than 71 million Americans will see a 3.2% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2024. On average, Social Security retirement benefits will increase by more than $50 per month starting in January. Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s […]
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Social Security Benefits Increase in 2023
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Approximately 70 million Americans will see a 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On average, Social Security benefits will increase by more than $140 per month starting in January. Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price […]
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Social Security Benefits Increase in 2022
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Approximately 70 million Americans will see a 5.9% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2022. Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W). The CPI-W rises when inflation increases, leading to a higher cost-of-living. This change means […]
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Social Security Benefits Increase in 2021
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Approximately 70 million Americans will see a 1.3 percent increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2021. Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W). Did you find this Information helpful? Yes No Thanks for your feedback!
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Social Security Benefits Increase in 2020
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When we announce the annual cost-of-living adjustment (COLA), there’s usually an increase in the Social Security and Supplemental Security Income (SSI) benefit amount. Federal benefit rates increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W). The CPI-W rises when inflation increases, it makes your cost of […]
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Social Security Benefits Increase in 2019
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Each year we announce the annual cost-of-living adjustment (COLA). Usually, there is an increase in the Social Security and Supplemental Security Income (SSI) benefit amount people receive each month, starting the following January. Law requires that federal benefit rates increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price […]
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Social Security Benefits to Increase in 2019
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Each year we announce the annual cost-of-living adjustment (COLA). Usually there is an increase in the Social Security and Supplemental Security Income (SSI) benefit amount people receive each month, starting the following January. By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for […]
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