[NFBP-Talk] FW: Social Security Updates

[Joseph Drenth]

Social Security Administration Announces 2023 Cost-of-Living Adjustment:

On Thursday, October 13, 2022, the Social Security Administration (SSA)
announced the cost-of-living adjustment (COLA) for the 2023 benefit amounts.
The increase for 2023 is 8.7 percent and will have the following impact on
benefit amounts beginning in January of next year:
Supplemental Security Income (SSI)
2022 benefit: $841
2023 benefit: $914
 
Social Security Disability Insurance (SSDI)
Average 2022 benefit: $1,364
Average 2023 benefit: $1,483
 
SSDI Substantial Gainful Activity (SGA) Threshold for Blind People
2022: $2,260
2023: $2,460
 
 
 

 
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