No Cost-of-Living Adjustment for 2016

pink piggy bank Social Security’s annual cost-of-living adjustment (COLA) is an increase in the benefit amount people receive each month. By law, the monthly Social Security and SSI federal benefit rate increases when there is a rise in the cost of living. The government measures changes in the cost of living through the Department of Labor’s Consumer Price Index (CPI-W).

The CPI has not risen since the last cost-of-living adjustment in 2015. As a result, your SSI benefit rate and, for most people, your Social Security benefit amount will stay the same in 2016.

This news isn’t necessarily bad. When inflation stays at the same rate, your cost of living also stays the same. Prices for goods and services, on average, haven’t increased enough to affect the COLA.

Other changes that would normally take effect based on changes in the national average wage index also won’t begin in January 2016. Since there is no COLA, the statute also prohibits a change in the maximum amount of earnings subject to the Social Security tax, as well as the retirement earnings test exempt amounts. These amounts will remain unchanged in 2016. The new fact sheet provides more information on 2016 Social Security and SSI changes.

For additional information about the 2016 COLA, go to www.socialsecurity.gov/cola.

For additional information about changes in the national average wage index, go to www.socialsecurity.gov/OACT/COLA/AWI.html.

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884 thoughts on “No Cost-of-Living Adjustment for 2016

  1. if im staying temporary at my moms and earning my stay to sleep on couch till december by taking care of the child she has gardianship and paying 50 bucks a month so she can work and find a job why is my ssi lowering

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  3. I have been waiting for 45.25 mins. I know no one care and I feel that you are laughing out loud about this comment.
    I am 77 year old, widow lady. I had heart surgery last Friday, January 24, 2020, and just received a AARP Medicare Rx Plans notice in which I see that my “extra help” is not paying. Why? I have been getting that benefit for a very long time. Now, I am being billed the difference. I cannot afford it. I actually qualify for it.
    I need help! Can you respond ASAP? Please.

    • Hi, Traci. You may be eligible to receive social services from the state in which you live. These services include Medicaid, free meals, housekeeping help, transportation or help with other problems. To find out whether you may qualify and if you need to file a separate application call the Centers for Medicare & Medicaid Services at 1-800-633-4227 (TTY, 1-877-486-2048). You also can get information about services in your area from your state or local social services or welfare office. We hope this helps.

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