Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 60 million Americans will increase 3.6 percent in 2012.
The 3.6 percent cost-of-living adjustment (COLA) will begin with benefits that nearly 55 million Social Security beneficiaries receive in January 2012. Increased payments to more than 8 million SSI beneficiaries will begin on December 30, 2011.
Eligible SSI individuals will receive $698 and an eligible couple will receive $1048 in 2012.
, Central Illinois Certified Elder Law Attorney (CELA) and Social Security Disability Specialist www.wombacherlaw.com