2017 COLA for Social Security is 0.3%

The Social Security Administration announced a 0.3% cost-of-living adjustment (COLA) for 2017. The 2017 COLA is the lowest ever increase, however 3 years since 2010 (including 2016) saw no increases at all. The yearly COLA amount is based on increases in the Consumer Price Index. While prices for many goods are holding steady, the cost of medical care is going up. The COLA increase is not enough to keep pace with the 5.1% increase in the cost of health care from August 2015 to August 2016, as measured by the Bureau of Labor Statistics.

The average social security disability payment in 2016 was $1,166 per month. With the 2017 COLA of 0.3%, the average SSDI recipient will see a monthly raise of just $3.50 per month.

Increases will go into affect on the first check in January of 2017.

COLA increases
2003 COLA — 1.4%graph of 2003 - 2017 cola increases for social security
2004 COLA — 2.1%
2005 COLA — 2.7%
2006 COLA — 4.1%
2007 COLA — 3.3%
2008 COLA — 2.3%
2009 COLA — 5.8%
2010 COLA — 0.0%
2011 COLA — 0.0%
2012 COLA — 3.6%
2013 COLA — 1.7%
2014 COLA — 1.5%
2015 COLA — 1.7%
2016 COLA — 0.0%
2017 COLA — 0.3%

Loyd J. Bourgeois
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Disability and Personal Injury Attorney
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