Although this amount might seem insignificant at first glance, the 1.7% increase follows the inflation rate, or the rate of increase in the prices of several commodities. This adjustment especially helps those who solely depend on their Social Security funds to take care of themselves and their families, particularly retirees.
The benefits of Social Security are not limited to retirees, however, as there is also what is called the Disability Program. According to the Social Security website, a person is deemed to be disabled if he cannot work due to a severe medical condition that has lasted or is expected to last for at least one year, or if it will result into imminent death. Furthermore, the affliction should prevent a person from doing the work that he or she has engaged in previously.