NEW 2023 SSI & SSDI RAISE (APRIL) $2400 CHECK! Senior & Social Security Disability Payments
As of April 2023, millions of Americans who rely on Social Security benefits will receive a long-awaited raise in their monthly payments. The Social Security Administration (SSA) has announced an increase in the Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) programs. This increase will be a significant relief to seniors and people with disabilities who depend on these benefits for their financial support. The raise in SSI and SSDI benefits is a much-needed boost for the more than 17 million people who rely on these programs. In April 2023, SSI beneficiaries can get of $2,400 yearly. The increase will result in a raise of $200 every month from the current rate per month. This is the largest increase in SSI benefits since 1983, and it will help more than 8 million low-income seniors, individuals with disabilities, and blind individuals who rely on SSI to cover their basic needs. Similarly, SSDI beneficiaries will receive an increase in their monthly benefits. The average SSDI payment will increase. This increase will affect more than 8 million disabled individuals who rely on SSDI to make ends meet. The new increase will help them pay for their medical expenses, housing costs, and other daily needs. This boost in benefits is based on the Cost of Living Adjustment (COLA) formula, which takes into account the inflation rate and the consumer price index.
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