Social Security, COLA
If Your Social Security Check Is Higher Than This, Expect an Above-Average 2025 Cost-of-Living Adjustment (COLA)
The Social Security Administration will announce the 2025 cost-of-living adjustment (COLA) on Oct. 10, 2024. Until then, you can only make your best guess as to what it's going to be. The existing data suggests the COLA will be lower than what program recipients have seen in recent years.
Social Security update: First round of October payments worth $4,873 goes out in 9 days
The first round of October’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at age 70, will go out to the first group of retirees in nine days. When a person receives his or her check depends on the date he or she was born.
Social Security COLA raise: How much will recipients get in 2025?
The Social Security Administration is less than two weeks away from announcing its cost of living adjustment (COLA), the annual bump in recipients' payments to help them deal with inflation.
The 2025 Social Security COLA Will Be Announced in October. Here's What That Means for Retirees.
The Social Security Administration (SSA) will announce the 2025 COLA on Oct. 10, 2024. That's the day the Bureau of Labor Statistics releases its inflation data for September. The CPI-W for September is the only missing piece of information needed for SSA to calculate next year's adjustment.
Social Security Checks of Up to $4,873 to Be Sent This Week
On Tuesday, October 1, the first round of payments will be made to those who receive Supplemental Security Income (SSI). SSI provides payments to adults and children with a disability or blindness, as well as adults aged 65 and older whose retirement income may fall short of providing enough money to get by.
Mark your calendars: 3 Social Security COLA dates to know for 2025
Technically, the Social Security Administration will apply the 2025 COLA to your December 2024 payment. But since you receive Social Security checks in the month after the month they're due, you won't get your first payment with the COLA until January 2025. The exact date depends on the day of the month you were born, as follows:
2025's Social Security COLA: Your Top 5 Questions, Answered
Social Security serves as a critical source of income for millions of retired seniors. And for those who rely on those benefits heavily to pay the bills, annual raises often spell the difference between being able to make ends meet and struggling financially.
Social Security Reform Bill: What to Know
A bill that could increase Social Security benefits for millions is being considered by lawmakers. The Social Security ...
3 key changes will help poor qualify for more money through a Social Security program
The changes are to remove barriers to eligibility for Supplemental Security Income benefits and go into effect Monday.
Some Gen Xers Are Counting On Social Security—But Few Millennials Are
Only 6% of millennial workers and roughly a third of Gen X workers with 401(k) plans expect to rely on Social Security as ...
This Social Security plan will increase taxes, and Americans want it
Blanket Social Security payroll tax increases are not popular, but there's one tax hike a lot of Americans can get behind.
Five changes taking effect in 2024 that could affect Social Security benefits
Social Security benefits are constantly changing with the economy, resulting in several benefits changes this year.
5 things to know about Social Security reforms being considered in Congress
Legislation that would reform some aspects of Social Security is gaining steam in Congress. The measure, dubbed the Social ...
To win over seniors, Harris should highlight her support for Social Security
Kamala Harris and Tim Walz need to do a better job convincing seniors to vote for them, as older voters are a ...