The Social Security Administration (SSA) has confirmed the 2025 Cost-of-Living Adjustment (COLA), which will bring a 2.5% increase to monthly retirement benefits. While this adjustment offers some relief, it’s smaller than many retirees expected, especially when compared to recent years. With inflation cooling in 2024, the modest increase reflects the current economic environment as we … Read more
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
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
Social Security payments are essential for retirees, with most eagerly awaiting their monthly checks. For some retirees, November is an interesting month, as they could receive up to three payments. This may sound like a bonus, but it’s simply due to scheduling quirks and supplemental benefits. Let’s break down why this happens and what you … Read more
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
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
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