2017 Cost-of-Living Increase for Social Security

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After receiving no cost-of-living increase (COLA) in 2016, the nation’s elderly and disabled Social Security recipients will get a .3 percent increase in payments in 2017 For 2017, the monthly federal Supplemental Security Income (SSI) payment standard will be $735 for an individual and $1,103 for a couple. This press release from Social Security includes details about other slight financial adjustments made for 2017.