In about two months, retirees will be eagerly awaiting the announcement of the 2025 Social Security cost-of-living adjustment (COLA). This important financial update is expected to be released in mid-October, and current projections suggest an increase in Social Security benefits of between 2.6% and 2.7%. However, some experts believe the actual COLA could exceed these … Read more
As the end of the year approaches, many retired workers are curious about how much their Social Security checks will increase in 2025. Typically, the Social Security Administration (SSA) announces the cost-of-living adjustment (COLA) in October, which determines how much payments will increase to help beneficiaries keep pace with inflation. Last year’s COLA was set … Read more
The Social Security Administration (SSA) will soon announce the Cost of Living Adjustment (COLA) for 2025, a crucial update for millions of Americans who rely on Social Security benefits. This annual adjustment is designed to help beneficiaries keep up with inflation, ensuring that their purchasing power isn’t eroded over time. But who will benefit from … Read more
The US Department of Agriculture (USDA) has confirmed the delivery date for the first Supplemental Nutrition Assistance Program (SNAP) benefits, including the new increase from the cost of living adjustment (COLA). While Social Security beneficiaries eagerly await COLA updates, SNAP recipients are also keenly interested in their annual benefit adjustments. The USDA has announced that … Read more
Starting in October 2024, some Social Security beneficiaries will see an earlier-than-usual increase in their benefits due to changes in the way the Social Security Administration (SSA) calculates income. This change is primarily for participants in the Supplemental Security Income (SSI) program, which aids seniors with insufficient income and individuals with disabilities like blindness. The … Read more