In the first Social Security payment of 2025, SSDI (Social Security Disability Insurance) recipients do not receive the COLA (Cost-of-Living Adjustment) increase. These are changes made to account for rising living costs and are intended to give all Americans on disability benefits more money. If you are eligible for SSI (Supplemental Security Income), you can also benefit from this COLA increase, even though it is a federal payment.
FYI, the last SSDI payment in January will be made on January 22, 2025. If you are a Social Security Disability Insurance beneficiary and were not eligible for a payment received on January 3, 8, or 15, this will be your next payday.
SSDI payment due in Few hours
SSI recipients born between the 21st and 31st will receive a payment on January 22nd. This will be their payday if they are not on Supplemental Security Income and did not start receiving Social Security before May 1997.
On average, SSDI payments will be around $1,580 after the COLA increase. Previously it was around $1,542 in December 2024. So, it has increased by $38 on average.
Amount of SSDI Payment After COLA
Please note that not all SSDI recipients will receive an additional $38. Some will receive a larger increase, while others will receive less. This will depend on the amount of your payment. Below are some examples:
- If your SSDI payment was $100 in 2024, you will receive $102.50 in 2025 after the COLA increase.
- If your SSDI payment was $500, you will receive $512.50 in January 2025.
- If you were receiving a $1,000 payment, it will now be $1,025.
- If you received $2,000 in 2024, you will receive $2,050 on January 22, 2025.
It is important to remember here that many beneficiaries feel that the COLA increase is not enough. Still, it is better than a reduction, because at least there is an increase. In a year, one can get an average of $456 extra, which can be a good contribution.
Why is a COLA increase important?
The purpose of the COLA increase is to keep pace with the living expenses of beneficiaries. When inflation increases, the same amount may decrease, increasing living difficulties. With the COLA increase, SSDI recipients get some relief in meeting their expenses.
Final Words
The COLA increase that SSDI recipients will receive in 2025 is a positive move, even if it is not as big as some wanted. Nevertheless, this increase is essential for these beneficiaries, as it provides a stable financial cushion for them. Keep in mind that SSDI payments change from time to time and such an increase may occur in the future.
Your next SSDI payment will be on January 22, and it will help you get a higher amount with the COLA increase.
FAQs
Q. What is SSDI?
A. SSDI (Social Security Disability Insurance) is a government program that provides financial assistance to individuals who are unable to work due to a disability.
Q. When will SSDI recipients receive the COLA increase for 2025?
A. SSDI recipients will receive the 2025 COLA increase in their payments starting January 22, 2025.
Q. How much is the average COLA increase for SSDI in 2025?
A. The average COLA increase for SSDI recipients in 2025 is about $38, bringing the average monthly payment to $1,580.
Q. Who qualifies for the January 2025 SSDI payment?
A. SSDI recipients with birthdays from January 21 to January 31, who were not eligible for earlier payments, will receive their payment on January 22, 2025.
Q. Why is the COLA increase important?
A. The COLA increase helps SSDI recipients keep up with rising living costs and inflation, providing them with a higher payment to cover basic expenses.