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

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

Farewell to 2025 COLA – Retirees Face Setback After Announcement of Next Year’s Check Increase

Donald Trump

The recent 2.5% cost-of-living adjustment (COLA) for Social Security benefits has sparked mixed reactions. While the increase is theoretically positive, indicating stabilized inflation, its real-world impact on retirees’ finances has left many feeling underwhelmed. The modest adjustment comes as seniors face rising costs in essentials like healthcare, housing, and food, putting significant strain on fixed … Read more

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

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

Social Security & 2025 COLA – What Many Americans Might Experience for the First Time

Joe Biden

Every year, seniors on Social Security get a cost-of-living adjustment, commonly known as COLA. These adjustments are an essential component of the program’s design because they need to maintain retirees’ buying power. Inflation drives up costs, and without corresponding increases in Social Security benefits, seniors on fixed incomes would find their purchasing power diminishing each … Read more

The 2025 COLA Estimates for Retirees Are Poor Yet May Be the Best Ever

Billie dollar with business chart.

2023 was a peculiar year as the world gradually emerged from the pandemic, grappling with residual health and economic challenges. Amidst these issues, retirees received a significant cost-of-living adjustment (COLA) of 8.7%, the largest in four decades, to help offset inflation. However, the 2024 COLA saw a much smaller increase of 3.2%, more in line … Read more