NEW 2023 SSI and SSDI Checks Are Confirmed | Senior, Disability & Social Security SSA Update
NEW 2023 SSI and SSDI Checks Are Confirmed | Senior, Disability & Social Security SSA Update
Social Security beneficiaries will see a change in the amount they receive in their monthly checks. The Social Security Administration (SSA) has confirmed that both Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) payments will increase, providing much-needed relief to millions of Americans who depend on these benefits for their livelihoods. SSI is a means-tested program that provides assistance to low-income individuals who are aged, blind, or disabled. In 2022, the maximum federal SSI benefit for an individual was $794 per month, while the maximum federal SSI benefit for a couple was $1,191 per month. These amounts will increase in 2023 to $807 per month for individuals and $1,211 per month for couples. Meanwhile, SSDI is a program that provides benefits to individuals who have a disability that prevents them from working. The amount of SSDI benefits a person receives is based on their work history and earnings. In 2022, the average SSDI benefit for an individual was $1,314 per month, while the average SSDI benefit for a family was $2,182 per month. These amounts will increase in 2023 to $1,347 per month for individuals and $2,233 per month for families. The increase in SSI and SSDI benefits is the result of a cost-of-living adjustment (COLA) that occurs annually. The COLA is calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which measures the average change over time in the prices paid for goods and services by urban wage earners and clerical workers. The increase in SSI and SSDI benefits is important for many reasons. For one, it helps to offset the rising costs of goods and services that many Americans face. As prices for essential items like food, housing, and healthcare continue to climb, it can be difficult for those living on a fixed income to make ends meet. The increase in benefits provides some relief for these individuals, allowing them to better afford the things they need to live a decent life. Moreover, the increase in SSI and SSDI benefits is a recognition of the value of these programs in our society. SSI and SSDI are safety nets that provide crucial support to some of the most vulnerable members of our population, including seniors and people with disabilities. By increasing the amount of benefits that these individuals receive, we demonstrate our commitment to ensuring that everyone has access to the basic necessities of life.
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