• How the 2025 COLA Affects Social Security Disability Benefits

  • Jan 2 2025
  • Length: 6 mins
  • Podcast

How the 2025 COLA Affects Social Security Disability Benefits

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  • Summary

  • The Social Security annual cost-of-living adjustment (COLA) provides beneficiaries with a hedge against rising prices. This includes all beneficiaries, not just retirees and survivors but also people who receive disability payments. So people collecting Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI), the two types of payments Social Security administers for people unable to work due to a serious health condition, will get a 2.5 percent increase in their monthly benefits in 2025. The COLA tracks changes in consumer prices year to year and is applied to benefit amounts. Other measures that chart national trends in wage growth...

    For the written story, read here >> https://www.signalsaz.com/articles/how-the-2025-cola-affects-social-security-disability-benefits/

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