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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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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Expand Your Social Security Knowledge With These Four Terms
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We strive to explain your benefits using easy-to-understand, plain language. The Plain Writing Act of 2010 requires federal agencies to communicate information clearly in a way “the public can understand and use.” This can be particularly challenging when talking about complicated programs like Social Security, Supplemental Security Income, and Medicare. Take a moment to learn […]
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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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