Social Security and Supplemental Security Income benefits have increased by 8.7% in 2023. The annual Cost-of-Living Adjustment (COLA) is tied to the increase in the Consumer Price Index as determined by the Department of Labor's Bureau of Labor Statistics. This measure is designed to help offset higher costs of living for recipients of SSD and SSI. If you'd like assistance making a claim or submitting an application for Social Security Disability or Supplemental Security Income, contact MCV Law today.