With Black Friday just around the corner, millions of retirees are looking forward to great deals, whether it’s for gifts or personal treats. Falling on November 29, 2024, this iconic shopping day promises discounts that can help seniors stretch their retirement dollars a little further. However, inflation and rising prices can make it challenging to … Read more
Retirees and Social Security Disability Insurance (SSDI) recipients have an important date approaching as new payments will be sent out this week. Knowing when these payments are coming is crucial for budgeting, especially for those relying on Social Security. This article will help you determine if you’re eligible for the upcoming Social Security payments and … 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) has officially announced the 2025 Cost-of-Living Adjustment (COLA) increase, leaving mixed feelings among retirees, SSDI, and SSI beneficiaries. While the 2.5% increase provides some financial relief, it falls short of expectations, especially in the face of rising living costs. On average, retirees will see an extra $50 per month, bringing … 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
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 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