COLA increase

Eligibility for the New $697 Federal Payment – Social Security’s Black Friday Payout Details

December 16, 2024 by Anushka

This year’s Black Friday isn’t just about grabbing deals—it’s also payday for millions of Americans receiving Supplemental Security Income (SSI). On November 29, 2024, approximately 7.5 million eligible recipients will receive their monthly federal payment, providing much-needed financial support during this shopping season. But why is this payment scheduled for Black Friday, and what should … Read more

COLA Increase for Social Security Retirees Aged 62 and Older – $600 Extra Annually on the Way

December 16, 2024 by Anushka

Millions of American retirees are about to receive a financial boost as the Social Security Administration (SSA) implements the 2025 cost-of-living adjustment (COLA). Designed to offset inflation and rising costs, this 2.5% increase will affect monthly benefits for all Social Security recipients. If you’re 62 years or older and already receiving payments, you qualify for … Read more

New $3,089 Social Security Payment – For Senior Couples on Benefits Announced

December 16, 2024 by Anushka

The Social Security Administration (SSA) has outlined the payment schedule for 2025, including when senior couples receiving retirement benefits can expect their checks. With a cost-of-living adjustment (COLA) increase, couples could see an average monthly payment of $3,089 in the new year. Let’s break down when these payments will be issued and what retirees need … Read more

Mark Your Calendar for the Next Payment Date of Your $4,873 Social Security Check

June 7, 2024 by Richard S

Every month, the Social Security Administration (SSA) diligently distributes payments to millions of retired workers, survivors, disabled individuals, and those who qualify for the Supplemental Security Income (SSI) program. Knowing how and when these payments are issued can help retirees plan their finances better and ensure they receive the maximum benefits they are entitled to. … Read more

It’s All About to Change Again for Social Security Benefits – Increase for Seniors Confirmed

June 7, 2024 by Richard S

Big news is coming for seniors who rely on Social Security benefits. A new proposal aims to increase monthly benefits for seniors over the age of 62, promising a much-needed boost in their finances. This proposal, spearheaded by Representative Ruben Gallego, seeks to revise the cost of living adjustment (COLA) calculation, potentially transforming how Social … Read more

Who Is Eligible for Next Week’s $4,873 Social Security Payment? You Must Meet These Requirements

June 4, 2024 by Richard S

The Social Security Administration (SSA) is the federal agency responsible for administering monthly payments to about 67 million retired workers in the United States. These payments come from the Retirement, Survivor, and Disability Insurance (RSDI) program, funded by a payroll tax. Both employers and employees contribute 6.2% of wages up to the taxable maximum of … Read more