As 2025 approaches, millions of Americans are evaluating how the new Cost of Living Adjustment (COLA) will shape their finances. Announced in October, the 2.5% COLA for 2025 is notably lower than the last four adjustments but signals positive economic shifts, including reduced inflation and economic stabilization after the pandemic chaos. For comparison, 2024’s COLA … Read more
The U.S. Government is set to issue the largest Social Security payments in history. This significant increase will take effect in January 2025, providing a financial boost to retirees and some Supplemental Security Income (SSI) recipients. Thanks to the cost-of-living adjustment (COLA), Americans can expect a notable rise in benefits, but only those meeting specific … Read more
As the year draws to a close, Supplemental Security Income (SSI) recipients in the U.S. are preparing to manage their holiday expenses. Thanksgiving, Christmas, and Black Friday often bring increased spending, making the timing of SSI payments critical. The Social Security Administration (SSA) has confirmed the payment schedule for the remainder of 2024, including important … Read more
Social Security has announced an extra payment in August due to September 1st falling on a Sunday. As a result, SSI beneficiaries will receive their monthly benefits on Thursday, August 1, and Friday, August 30. This deviation from the regular schedule occurs in certain months because the regular payment date is the first of each … Read more
Recent reports and rumors have prompted us to investigate the status of Social Security benefits, including SSI, SSDI, and Veterans Aid. Our research confirms that the U.S. federal government is continuing its regular disbursement of these benefits. This year, eligible recipients might receive an increased Social Security SSI amount in July 2024. Elderly and disabled … Read more
The Supplemental Security Income (SSI) program, managed by the Social Security Administration (SSA), provides financial assistance to individuals with low income and resources. This program aims to support those who struggle to make ends meet. On July 1, millions of SSI recipients in the US will receive payments ranging from $697 to $943. Couples who … Read more
The Social Security Administration (SSA) provides disability benefits to over 55 million disabled workers across the nation. If you’re a recipient of these benefits, knowing when your payment will arrive is crucial. For June 2024, there’s a slight change in the schedule due to a federal holiday. Here’s what you need to know. SSDI Payment … Read more