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Yes. The SSA makes payments to most Social Security beneficiaries and Supplemental Security Income (SSI) recipients by check and direct deposit.
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Beneficiaries have received additional deposits from Social Security, this will provide some protection against losses from their purchasing power and inflation.
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The latest growth of SSI has increased from January 2022 to 5.9 percent.
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Yes, it's quite likely that the Social Security Administration is going to announce a cost of living adjustment (COLA) for Social Security beneficiaries in 2023, and that's expected to be a huge increase.
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