Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9 percent in 2022.
The 5.9 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2022. Increased payments to approximately 8 million SSI beneficiaries will begin on December 30, 2021.
The boost will translate to an average monthly increase of $93 for retired workers, $47 for the spouse of a retired worker, $87 for an “aged” widow or widower, $46 for a widow or widower who is disabled, and $75 for a worker who is disabled, according to estimates from the SSA.
The “monthly maximum federal” SSI amounts in 2022 will be “$841 for an eligible individual, $1,261 for an eligible individual with an eligible spouse, and $421 for an essential person,” the SSA said.