Happy New Year from California Health Advocates and from Social Security! In 2015, nearly 64 million Americans who receive Social Security or Supplemental Security Income (SSI) will receive a cost-of-living adjustment (COLA) increase of 1.7% to their monthly benefit payments.
The average monthly Social Security benefit for a retired worker in 2015 is $1,328 (up from $1,306 in 2014). The average monthly Social Security benefit for a disabled worker in 2015 is $1,165 (up from $1,146 in 2014).
See our Medicare Basics section for 2015 Medicare cost information. For more info on the COLA, including how it’s calculated, see the Social Security website.