Supplemental Security Income (SSI) recipients will see an increase in their benefits in 2025, thanks to the cost-of-living adjustment (COLA). While the 2.5% increase is smaller than many hoped, it still ensures extra money to help beneficiaries manage rising costs. Let’s break down how much more SSI recipients will receive and what it means over … Read more
Many Social Security beneficiaries are eager to know if they’ll see the 2025 COLA increase in their upcoming payments. However, the 2.5% COLA adjustment will not apply to payments issued in October 2024. Let’s take a closer look at this week’s Social Security payment schedule, who will receive money, and when the 2025 COLA increase … Read more
The Social Security Administration (SSA) has announced an important update that will positively affect millions of Americans in 2025. Starting January, retirees, as well as SSDI and SSI recipients, will see a 2.5% cost-of-living adjustment (COLA). While this increase is slightly below the average COLA of 2.6%, it still translates to an extra $50 per … 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