2025 Cost-of-Living Adjustment (COLA) Announced
The Social Security Administration’s 2025 Cost-of-Living Adjustment (COLA) will affect millions of Social Security recipients, including those who receive disability benefits. The increase in monthly benefits is designed to help recipients fight rising living costs and inflation. Read on to learn about what this year’s COLA means for your benefits.
The Social Security Administration (SSA) has announced the 2025 Cost-of-Living Adjustment (COLA), which impacts millions of Americans. Disability benefit recipients will see a 2.5% increase in their Social Security and Supplemental Security Income (SSI) payments. This adjustment is vital for helping recipients cope with inflation and the rising cost of living.
What Is the 2025 COLA Increase?
Beginning in January 2025, approximately 68 million Social Security recipients will experience a 2.5% increase in their monthly benefits. Furthermore, nearly 7.5 million SSI recipients will see their adjusted payments start on December 31, 2024.
The average SSDI recipient will receive a monthly payment of $1,957, which is an increase from $1,905 in 2024. In addition, the monthly maximum SSI payments for 2025 are $967 for an eligible individual and $1,450 for an eligible individual with an eligible spouse.
How Do I Know How the 2025 COLA Will Affect My Benefits?
In early December, the SSA will send out notifications detailing your new benefit amount. This year’s notice will be redesigned for clarity, making it simpler to understand. The notification will be a single page, using straightforward language to outline your updated benefit amount and any deductions.
If you have a personal mySocialSecurity account, you can conveniently access your COLA notice online, providing a more secure and quicker option than waiting for postal delivery. To view your notice online, you must set up your account by November 20th.
Disability Attorneys in the Triad Ready to Assist You
The 2025 COLA adjustment is a significant update for those receiving disability benefits, offering essential support as the cost of living rises with inflation. If you’ve been denied benefits, the Social Security Disability lawyers at Daggett Shuler are here for you. We stand ready to help secure the benefits you need and deserve. Speak with us for free today.
Contact us today by filling out our online form or calling our office at 336-724-1234 for a free claim evaluation.
