Social Security Disability Insurance (SSDI) and veterans disability recipients will see their benefits increase by 1.7 percent in 2015. The increase represents the annual cost-of-living adjustment (COLA), which is automatically applied to Social Security benefits.<\/p>\n
Although benefits will increase slightly, the cost of living is also projected to increase. In particular, the USDA projects that food inflation will continue to rise in 2015. Consumers will continue to see a rise in the cost of basics, such as milk, eggs and meat. Health care costs may also increase in 2015. <\/p>\n
It is recommended that veterans who receive disability benefits rework their budgets in consideration of both the increased benefits and the increased cost of living. <\/p>\n
The COLA increase will represent an average increase of $19 per month, or $228 per year, in SSDI benefits. The average monthly SSDI benefit will increase from $1,146 to $1,165 . <\/p>\n
The projected inflation in consumer prices is (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Social Security Disability Insurance (SSDI) and veterans disability recipients will see their benefits increase by 1.7 percent in 2015. The increase represents the annual cost-of-living adjustment (COLA), which is automatically applied to Social Security benefits. Although benefits will increase slightly,…<\/span><\/p>\n