Individuals with Disabilities Will Struggle to Meet High Costs and Debt

For the more than 8.5 million individuals relying on Social Security Disability Insurance (SSDI) or awaiting a decision on their application for benefits, the 5.8 percent cost of living adjustment (COLA) increase in Social Security payments for 2009 will certainly ease concerns, according to Allsup, a provider of Social Security disability, financial and healthcare-related services to people with disabilities. While the COLA has not been this high in more than 25 years, Allsup believes beneficiaries will not be overly optimistic about the increase.