Beneficiaries of Social Security who are currently receiving payments are likely to see a small increase in monthly benefits. There was a cost of living adjustment beginning in in January 2013.
Social Security instituted a 1.7% increase in the annual cost-of-living adjustment, and this will result lead in a slight increase in monthly benefits for Social Security beneficiaries. The increase is modest, but as Social Security Disability lawyers see it, even a slight increase over time can add up.
Based on an average monthly Social Security Disability of $1111.68 in November 2012, the increase will probably add up to about $19 per month. That works out to around $220 starting in January 2030.