Recipients of Social Security and SSI Benefits Get a Raise

Dollarphotoclub_69690745-300x212In 2022, Americans with disabilities will receive a significant increase in their Supplemental Security Income (SSI) and in other Social Security benefits.

According to the Social Security Administration, monthly SSI payments are going up 5.9%, a change that started as of December 30, 2021 for SSI payments and Social Security benefits paid in January 2022.

The increase is a result of the yearly COLA (cost-of-living) adjustment and inflation and based on the Consumer Price Index determined by the U.S. Department of Labor. (The COLA increase is the largest since 1982!)

For individuals receiving SSI, the maximum federal benefit for 2022 will grow to $841 per month. And, for couples receiving SSI, the maximum benefit will now be $1,261 per month. (In some cases this may be higher, as some states contribute more.)

Information about these changes can be found online through an individual’s Social Security account. Furthermore, the SSA mailed notices in December to beneficiaries which detailed any new payment amounts.

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