Blog
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The annual cost of living adjustment (COLA) for more than 72.5 million Social Security and SSI recipient for 2025 will be 2.5% as inflation comes under control. The COLA for 2024 was 3.2%. The average retiree will receive $48 more per month next year. The earnings limit for workers younger than full retirement age will…
a month+ ago -
On 8-27-24, the Social Security Administration announced a large step in a multi-year effor to simplify processes for people who are applying for Supplemental Security Income (SSI) by starting to offer an online, streamlined application for some applicants starting in December. SSI provides monthly payments to people with disabilities and older adults who have little…
2+ months ago
News
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Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
3+ years ago -
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
5+ years ago
CONGRESS CONSIDERS CHANGE IN COLA FORMULA
A recently introduced bill in the U.S. House of Representatives would change the way the Cost of Living Adjustment (COLA) is calculated for Social Security recipients.
Currently the COLA is determined by the Consumer Price Index for Urban Wage Earners (CPI-W) from the prior year. CPI-W considers the cost of food, consumer goods, housing, health care etc. Critics of the CPI-W say it doesn’t account for how these expenses impact seniors.
The bill, introduced by Ruben Gallego, D-AZ, would change the formula to the CPI-E, the Consumer Price Index for Americans aged 62 or older.
Call today if you have questions about the Michigan Social Security Disability Attorney and Lawyer Services provided by William Crawforth.
To schedule an appointment call 800-864-1244 or fill out the contact form at the top of this page.
