The year 2025 brings good news for retirees across the United States, as Social Security benefits are set to increase thanks to a 2.5% cost-of-living adjustment (COLA). This adjustment, implemented by the Social Security Administration (SSA), helps beneficiaries keep pace with rising inflation and ensures that their payments maintain purchasing power. If you’re a retiree … Read more
Each month, Social Security typically provides one Supplemental Security Income (SSI) payment to eligible beneficiaries, but the scheduling for November and December may lead some recipients to see an extra deposit in November. This scheduling quirk could surprise some elderly Americans if they aren’t aware of the adjusted payment schedule. How the Social Security Administration … Read more
The Social Security cost-of-living adjustment (COLA) is a key benefit enhancement for retirees, especially those relying heavily on Social Security for everyday expenses. Adjusted annually to reflect inflation, the COLA aims to help seniors maintain their purchasing power. However, with inflation slowing, beneficiaries will only see a 2.5% increase in 2025—a smaller rise than in … Read more