The Social Security Administration (SSA) has officially announced the 2025 cost-of-living adjustment (COLA) increase, impacting millions of beneficiaries across the U.S. Each year, the SSA uses the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to determine the percentage increase. The purpose of the COLA is to adjust Social Security payments to … Read more
The long-awaited announcement about the 2025 cost-of-living adjustment (COLA) is finally here. After months of speculation, the Bureau of Labor Statistics confirmed a 2.5% increase for Social Security and Supplemental Security Income (SSI) recipients. This adjustment impacts millions of Americans, including retirees, survivors, disabled individuals, and participants in the SSI program. Though many beneficiaries had … Read more
The official cost-of-living adjustment (COLA) for 2025 has been confirmed at 2.5%, impacting not only retirement benefits but also payments for survivors, Supplemental Security Income (SSI), and Social Security Disability Insurance (SSDI) beneficiaries. This adjustment is especially crucial for disabled individuals who rely on SSDI benefits to cover their daily expenses. With inflation affecting the … Read more
Approximately 70.6 million people receiving Social Security benefits are anticipating a smaller cost-of-living adjustment (COLA) for 2025 compared to recent years. Analysts predict a 2.5% COLA increase for 2025, a sharp contrast to the 3.2% increase in 2024 and the notable 8.7% rise in 2023, which was driven by historically high inflation. As inflation moderates, … Read more
The 2025 Cost-of-Living Adjustment (COLA) has been announced, and SNAP (Supplemental Nutrition Assistance Program) recipients across the United States will see a 2.5% increase in their benefits. This annual adjustment is designed to help low-income households keep pace with inflation and the rising cost of necessities, such as food. While the 2025 COLA is smaller … Read more
The USDA has announced the upcoming Supplemental Nutrition Assistance Program (SNAP) payments for October 2024. Recipients in New Mexico, Ohio, Tennessee, and Washington should take note of specific distribution dates to ensure they don’t miss out on their benefits. These payments will reflect the 2025 Cost of Living Adjustment (COLA), affecting millions of Americans. However, … Read more
Eligible Alaskans should be on the lookout for their Permanent Fund Dividend (PFD) payment, which is expected to arrive in October 2024. The Alaska Department of Revenue has increased the PFD payment to $1,702 this year, a notable rise from last year’s $1,312. For those who opted for direct deposit or paper checks, this is … Read more
Social Security Disability Insurance (SSDI) recipients should stay alert for their upcoming payments in October. The payment dates depend on the recipient’s birth date, with most payments scheduled for October 9, 16, and 23. This variation can be confusing, especially for those who did not receive their check on October 3. Additionally, the 2025 Cost … Read more
The Social Security Administration (SSA) is set to announce the 2025 Cost-of-Living Adjustment (COLA) on October 10, 2024, and it’s a highly anticipated moment for millions of retirees and Social Security beneficiaries in the United States. The COLA is designed to help recipients keep up with rising prices, ensuring that their benefits maintain purchasing power … Read more
November is bringing some good news for certain Social Security recipients! If you receive both Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) or retirement benefits, you might notice an earlier-than-expected boost in your account this month. Instead of receiving payments on separate dates, both benefits will arrive on November 1, 2024, making … Read more