Next Year’s Social Security COLA May Be Most in 6 Years

“Social Security beneficiaries are projected to receive a 2.2% cost-of-living adjustment [COLA] next year, the most since 2011,” according to a news story published last month in USA Today. This will mean a bump of about $30 a month for the average retired worker and about $26 more per month in the pocket of the average Social Security Disability Insurance (SSDI) recipient.

The Cost of Living Allowance (COLA) this year was only .3% and there was no increase at all in 2016, because of the very low rate of inflation.

Timothy J. Cuddigan
Omaha Social Security and Veterans Disability Lawyer With Over 40 Years Experience
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