Cost Of Living Increase 2025 Michigan 2025. According to the social security administration (ssa), there will be a 2.5% increase for nearly 68 million americans, including almost 2 million retirees in michigan alone. The cola for 2024 was 3.2%.
The maximum federal supplemental security income (ssi) benefit rate for 2025 is $967 per month for an eligible individual, and $1,450 per month for an eligible couple. Right now, about 68 million americans collect social security.
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