“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.
