inflation adjustment

December SSI Check Boost – See Who’s Getting Bigger Payments in the Next Round

by
Donald Trump

The Social Security Administration (SSA) has announced a cost-of-living adjustment (COLA) for 2025, and while most Social Security beneficiaries will see their increases reflected in 2025, Supplemental Security Income (SSI) recipients will experience their adjustments earlier—in December 2024. This may seem like a small timing detail, but it has significant implications for millions of recipients. … Read more

Big Changes Coming To Social Security Payments – New Monthly Amounts Start January 1

by
Donald Trump

The Social Security Cost of Living Adjustment (COLA) for 2025 has sparked significant discussion among retirees and financial experts. With an increase of only 2.5%, many were left disappointed compared to 2023’s 8.7% boost. However, financial expert Suze Orman views this modest adjustment as a positive development, suggesting that it reflects progress toward economic stability. … Read more

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

by
Donald Trump

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

Social Security Boost – $943 SSI Payments Rolling Out in August

by
Joe Biden

Exciting news is on the horizon! Mark your calendars for August 1st because the first batch of Supplemental Security Income (SSI) payments is set to be distributed. These payments, which can be as high as $943, are vital support for individuals with debilitating disabilities. Let’s cut into the details of this much-anticipated distribution. Eligibility To … Read more

Minimum Wage Increase in This State – Effective Date Announced

by
Joe Biden

The raising of the minimum wage has been a hot topic for years, especially as the economic landscape grows increasingly unstable. Many Americans find their current wages insufficient to meet their needs. Some states are more affected than others, often due to poor economic conditions or a high cost of living paired with low wages. … Read more

CRA $1050 Pension for Canadians in July – Eligibility, Payment Dates, and Amount

by
Justin Trudeau.

The Canadian government has announced a new retirement benefit, the CRA $1050 Pension, set to begin in July. This increase in pension assistance aims to help Canadian retirees cope with the rising cost of living. Read on to know about eligibility, payment dates, and the new pension amount. Every year, the Canada Revenue Agency (CRA) … Read more

$600 Increase in Retiree Paychecks – Social Security Announcement

by
Joe Biden

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

Social Security 2100 Act Increase in June 2024 – Know the Amount, Eligibility & Payment Dates

by
Joe Biden

It’s no secret that the recent legislation, the Social Security 2100 Act, was passed by Congress to provide much-needed financial support to American citizens. The Social Security Administration (SSA) has rolled out several initiatives under this act, aiming to help qualified individuals improve their living standards, particularly in light of rising inflation. Here’s everything you … Read more

SSDI Payment in June – Social Security Announces Date Change

by
Happy woman in wheelchair indoors.

The Social Security Disability Insurance (SSDI) program recently announced a small but significant change to their payment schedule for June. Recipients of SSDI will receive their monthly benefits a day earlier than usual. If your birthday falls between the 11th and 20th, this change affects you directly. It’s important to remember that your monthly SSDI … Read more

Unexpected Change in the Date of the Next SSI Payment – The $943 Check Will Not Be Sent in June

by
Joe Biden.

Typically, Supplemental Security Income (SSI) benefits are delivered on the first day of each month. However, there is an unexpected change for next month: SSI beneficiaries will not receive their $943 monthly check in June. If you are a recipient of this program, it’s crucial to understand why this change is occurring and how it … Read more