Cost of living drives 2012 SSI benefit increase

The Social Security Administration announced Wednesday that monthly

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SSI Benefit To Increase

Supplemental Security Income benefits will increase in 2012 by 3.6 percent, following two years in which the system’s regular automatic increases froze amid the sagging economy.

Monthly SSI benefits will increase  from $674 to $698 for individuals and from $1,011 to $1,048 for couples, according to a Disability Scoop article. The increase is triggered by the system’s automatic cost-of-living adjustment (COLA) for all Social Security benefits whenever there is a rise in inflation. Since COLA began in 1975, 2010 and 2011 were the only years without an automatic increase.

The SSI program, created in 1974, provides benefits to about eight million low-income people with disabilities.