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SSD recipients can expect a cost of living increase in 2012

After going more than three years without a sorely needed cost of living adjustment, Social Security beneficiaries are expected to receive an increase in benefits next year. Currently, that increase is predicted to be less than one percent, but if gas prices and other costs remain high, beneficiaries may see as much as a two percent increase in their benefit amounts.

Recipients of Social Security, Social Security Disability, and similar programs, have not received a cost of living increase since 2008. During the third quarter of that year, the government awarded an increase of 5.8 percent, which is the highest such increase on record since 1982. Because the 2008 jump was so high, it has taken this many years for inflation to surpass that level set in the third quarter of 2008.

But now, as gas prices have once again gone up, simultaneously raising the cost of food and other necessities, that inflation level has crept up past the mark set in 2008. The Social Security Administration has projected the cost of living adjustment based on inflation assumptions from last December. At that time, the increase was expected to be around 0.7 percent.

But the actual cost of living adjustment will be based on a comparison of the inflation rate during the months of July, August and September to that during the third quarter of 2008. Because gas prices have, of course, increased significantly since December, analysts are predicting that the cost of living increase could be as high as two percent.

Source: The Baltimore Sun, "Social Security: After two-year drought, beneficiaries expected to get a raise," Eileen Ambrose, 31 May 2011

14 Comments

we cant affored to go anywhere or do anything because the cost of gas. also falso our grocery bill is higher and bringing home less.

With all the bail out of the fat cats. no wonder social security havent receive an increase in three years. but we can fund a war in two countries. why don't we make the people in thoses countries fund there own war.

Dont forget about the rise in medicare premiums that will more than likey eat the cost of living adjustment. Therefore we on SSI and or SSDI wont even see a actual cost of living adjustment in the end.

We who are disable did'nt ask to be. I'm a Viet-Nam Vet. I have never asked my country for a thing, but everytime i turn around someone is raising prices on Food, Rent, Gas and Health Insurance. In the past 2 years the 4 items that i just listed has gone up considerably. To whomever reads this message. I pray that you never find yourself in the perdicament that me and so many more are in. This is the riches country in the world. Why do i feel so poor? An increase won't be much, but something has always been better then nothing!!!
Thank You,
Michael De Tomasso ( A Proud American )

I have been on SSDI since 2007. I have NEVER GOTTEN a cost of living increase in my income. THE GOV SAYS.....(((( the cost of living hasn't gone up since 2008...your SSDI income will NOT be increasing. ..... WHAT DAMN PLANET ARE THEY ON????!!!!!!!. I would TRUELY LOVE to see the GOV PPL that make those rullings try and live on what I get!!!!!!.

I FEEL IT IS VERY UNFAIR FOR VETERANS AND ACTIVE DUTY AND SOCIAL SECURITY PERSONNEL RECIEVE KNOW INCREASE IN 4 YEARS.MANY ELDERLY ARE LIVING ON FIXED INCOME AND HAVING A DIFFICULT TIME AS IS.WHAT ABOUT THE WELFARE SYSTEM THAT IS DRAINING THE AMERICAN PEOPLE BY NOT EVEN SEEKING EMPLOYMENT.I DONT UNDERSTAND THAT IF WE ARE IN SUCH BAD SHAPE WHY WE KEEP HELPING OTHER COUNTRIES WHEN WE HAVE PEOPLE IN OUR OWN COUNTRY SUFFERING.I FEEL THE PEOPLE THAT IS EFFECTED THE MOST IS THE MIDDLE CLASS.I HOPE AND PRAY THAT OUR POLICIANS WILL SOME DAY GET A SOLUTION TO THE PROBLEMS SINCERLY MARTIN BARDEN

Please! Not three years in a row without an increase! At least increase the SSD, and other similar type programs, veterans disability etc., to adjust for the horrible inflation in our lives.

what a joke all these elderly and disabled that i treat will only get less than 1% why dont the usa shove that 0.7% up obama's ass.

i am commenting on the 3.5 % dont get me wrong i am happy just to know you are giving the seniors and disabled a and mentality handicapped .. we do need this extra so bad but.......if you raise medicare what dies this help .i cant always get my prescription i have several life threating illnesses that could take me out at any given time .and i have a great as i can gett prescripristion plan .they still make me pay beyond my in come will allow . i guess i just want to have my thoughts heard and recognized .....food is soooo expensive pastas are cheap but i have diabetes and it sends my sugar up so far i could acually go in a comma from having a pasta dinner which i would love to have pasta weekly...i cant afford vcar insurance so i will be penalized for this when it is found out........this is my comment wilma j . roe ......bunker hill in.

oh wow umm ok at 1% I'll get a whole 7$ while even with that I will still need public assistance to live my FS benefits are being decreased by 10$ and my housing asst. is also decreasing a lot of help guys thanx :-s I think the ones who figure all this out should be made to live on what we are forced to live on see if it works for them

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