COLA
Celebrate Earth Day 2024 by Opting Out of Paper Notices
Reading Time: 2 Minutes
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 […]
Continue reading "Celebrate Earth Day 2024 by Opting Out of Paper Notices" →Tags: General Information, my Social Security, my Social Security account, online services, representative payee
Social Security Benefits Increase in 2024
Reading Time: 2 Minutes
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 […]
Continue reading "Social Security Benefits Increase in 2024" →
Social Security Benefits Increase in 2023
Reading Time: 2 Minutes
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 […]
Continue reading "Social Security Benefits Increase in 2023" →
Social Security Benefits Increase in 2022
Reading Time: 2 Minutes
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 […]
Continue reading "Social Security Benefits Increase in 2022" →
Social Security Benefits Increase in 2021
Reading Time: 1 Minute
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!
Continue reading "Social Security Benefits Increase in 2021" →
Social Security Benefits Increase in 2020
Reading Time: 1 Minute
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 […]
Continue reading "Social Security Benefits Increase in 2020" →
Social Security Benefits Increase in 2019
Reading Time: 1 Minute
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 […]
Continue reading "Social Security Benefits Increase in 2019" →
Social Security Benefits to Increase in 2019
Reading Time: 1 Minute
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 […]
Continue reading "Social Security Benefits to Increase in 2019" →Tags: Cost of living adjustment, my Social Security, my Social Security account, Social Security benefits
New Online Social Security COLA Notices
Reading Time: 1 Minute
We are constantly expanding our online services to give you freedom and control when doing business with us. Our new online cost-of-living adjustment (COLA) notices are another example of our commitment in this area. Later this year, we will post the Social Security COLA notices online for retirement, survivors, and disability beneficiaries with a personal […]
Continue reading "New Online Social Security COLA Notices" →Tags: Cost of living adjustment, my Social Security, my Social Security account
Social Security Benefits to Increase in 2018
Reading Time: 1 Minute
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 people receive each month. 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 […]
Continue reading "Social Security Benefits to Increase in 2018" →