Which payments are affected by COLA?
There are three programs run by the Social Security Administration that are affected by COLA each year.
Along with Social Security, the adjustment increases annual benefits for SSI and SSDI applicants.
In 2022, according to the SSA, the average SSI benefit is $621 per month, while the maximum for one person is $841.
Eligible couples can earn up to $1,261 per month.
Meanwhile, it’s a bit more complex for SSDI.
The amount of the benefit depends on the age at which you became disabled, your work history (including the average level of your previous earnings) and the length of your entitlement.
https://www.the-sun.com/money/5977329/social-security-supplemental-income-2022-payments-apply/ Social Security Supplemental Income 2022 – Four monthly checks worth $841 worth $3,364 to be issued this year – how to get them