By 2025, over 70 million Americans will receive Social Security benefits from the Social Security Administration (SSA). Designed for retired workers, survivors, and disabled individuals, as well as those participating in the Supplemental Security Income (SSI) that is meant to serve seniors and people with disabilities on low incomes, this is a paying program. But … Read more
If you’re a Social Security beneficiary, you’ll be glad to know that your benefits will see a tiny increase next year (simplified, a cost-of-living adjustment, or COLA). Yet the rise will be less than in years past, which may be something of a surprise. Specifically, that means while COLA adjustment was 3.2% in 2024 and … Read more
The good news at the end of the year is if you get SSI or Social Security. In the period from November to December, one can expect having up to five checks, including 2025 COLA. This payment schedule gives extra help kick-starting the new year, covering those extra costs associated with the holiday season. These … Read more
72.5 Million Americans’ Pensions Increased By 2.5%: It sounds good that retirees will get an extra $50 a year in 2025. But this increase in Social Security for seniors, SSDI, and SSI is not nearly as big as was thought. In fact, COLAs are usually around 2.6%. Therefore, the COLA raise for those receiving Social … Read more