Recently, numerous reports have circulated claiming a $600 increase in Social Security benefits this month. However, the Social Security Administration (SSA) has clarified that this information is false. The official cost-of-living adjustment (COLA) will not be released until October this year, with any new increases taking effect in January 2025. Therefore, any potential increase from … Read more
In August, recipients of the Supplemental Security Income (SSI) program will be delighted to find a double SSI payment in their accounts. If you’re eligible for these monthly benefits, mark your calendar for August 1st, when you could receive up to $2,800. This double payment occurs because the first of September falls on a weekend, … Read more
Exciting news for Social Security beneficiaries! The recent legislation, known as the Social Security 2100 Act, has been approved by Congress, bringing significant changes to benefit payments starting in June 2024. This act aims to address inflation and improve living standards for eligible individuals. Here’s everything you need to know about the upcoming increase, eligibility … Read more