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Social Security Disability Recipients See Benefits Increase In New Year, But May Not in 2010
Date:1/23/2009

Cost-of-living adjustment helps Social Security beneficiaries; Allsup outlines other benefits of SSDI

Belleville, Ill. - Jan. 23, 2009 - With the arrival of 2009, Social Security disability recipients are seeing their monthly benefits increase with the annual cost-of-living adjustment (COLA), according to Allsup, which represents tens of thousands of people in the Social Security Disability Insurance (SSDI) process each year.

"The largest COLA increase in more than 25 years is good news for Social Security recipients," said Jim Allsup, CEO and founder of the company, which also provides financial and healthcare-related services to people with disabilities. "It reflects a higher cost of living that hit hard for many people and their families in 2008."

But it's possible that beneficiaries will not see an increase in 2010, based on a recent report by the Congressional Budget Office¹, which projects a COLA of zero percent if consumer prices decline in 2009. The CBO economic forecast includes expectations for lower inflation this year.

Social Security beneficiaries are receiving their first checks this month with the 5.8 percent COLA increase², as announced by the Social Security Administration. The increase took effect Dec. 31, 2008. The annual adjustment is based on the Bureau of Labor Statistics' Consumer Price Index for Urban Wage Earners and Clerical Workers.

The estimated average benefit for all dis
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