The Cost-of-Living Adjustment (COLA) is an annual increase in Social Security benefits to help retirees keep up with inflation and rising costs. In 2025, retirees will see a COLA increase, but it won’t be as high as the previous year. This article explains what to expect in 2025 and how the adjustment compares to past … Read more
Social Security benefits are a crucial part of many retirees’ income, with millions depending on these payments after they stop working. The Social Security Administration (SSA) recently made an announcement about changes to the cost-of-living adjustment (COLA) for 2025. This adjustment is important because it helps Social Security benefits keep up with rising living costs … Read more
The Social Security Administration (SSA) has announced a 2.5% Cost of Living Adjustment (COLA) for 2025. This means that people who get Social Security benefits, like retirees, people with disabilities, and those on fixed incomes, will see a small increase in their monthly payments. This extra money is intended to help them keep up with … Read more
In November 2024, Social Security benefits may see an increase of $2,400 annually, which could be a big help to retirees and other beneficiaries. This proposed increase would add $200 per month to current benefits. However, it has not yet been approved. Beneficiaries should stay informed by checking updates from the Social Security Administration (SSA) … Read more