The Social Security Administration (SSA) has debunked rumors of a $600 increase in SSDI payments, confirming there will be no increase until January 2025, and advises recipients to stay informed through the “My Social Security” account while warning against scams.
SSA Debunks Rumors of $600 SSDI Increase, Confirms No Changes Until January 2025
According to the article by Marca, recent rumors about a $600 increase in Social Security Disability Insurance (SSDI) payments have confused. However, the Social Security Administration (SSA) has said these reports are false. The SSA confirmed that there will be no increase until January 2025, with the next Cost-of-Living Adjustment (COLA) based on inflation data from the third quarter of 2024.
The COLA, started in 1975, helps benefits keep up with inflation. The SSA gives COLA benefits to about 66 million Social Security recipients and 7.5 million Supplemental Security Income (SSI) recipients. Although the exact COLA for 2025 will be announced in October, it is estimated to be around 3.2 percent. This is similar to this year’s adjustment but much lower than the 8.7 percent increase seen in 2023. There are also worries about the Social Security trust fund running out within a decade, making this issue urgent.
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$600 Social Security Disability Increase Debunked: SSA Confirms No Increase Until 2025 – What You Need to Know! (PHOTO: VERIFYThis.com)
SSA Urges Caution Against Scams and Recommends Using “My Social Security” for Updates
Furthermore, the SSA advises recipients to stay updated through the “My Social Security” account message center, where updates on the 2025 COLA will be posted. The SSA also warns people to be careful of scams. They suggest not sharing personal information or clicking on suspicious links and attachments. This caution helps keep recipients safe from fraud and ensures they get the correct information about their benefits.
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