This month brings surprising news for beneficiaries of the Supplemental Security Income (SSI) program, as over 100,000 people were removed from the program. According to SSA data, the number of people receiving SSI benefits decreased by 119,395 from May 2023 to May 2024. The SSI program aims to provide financial assistance to over 7 million … Read more
If you’ve applied for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) and were not approved, pay close attention to these new changes in the United States. The Social Security Administration (SSA) announced a significant update this summer that could help more people qualify for disability benefits. This change addresses a crucial aspect … Read more
Thousands of American retirees will receive two Social Security payments scheduled for early August. While most people know that Social Security retirement benefits arrive once a month, some citizens will receive an additional payment in the first week of August. This supplemental payment is a boon for those who meet specific eligibility criteria set by … Read more
If you meet all the requirements Social Security has set for disability benefits, you could receive the largest SSDI payment in August. SSDI, along with Supplemental Security Income (SSI), is a crucial financial support system for millions of Americans who are unable to work due to disability. While the average SSDI payment is $1,537, the … Read more
Social Security is a major income source for millions of older adults, with some retirees relying solely on these benefits. According to a 2023 report from the Nationwide Retirement Institute, around 1 in 5 adults aged 50 and older have no other retirement income. If you’re depending on Social Security to make ends meet, it’s … Read more
We have exciting news for all Social Security recipients. The United States Government is set to introduce a substantial increase in 2024, offering a fixed $440 monthly boost for Social Security, SSI, and SSDI claimants. This increase aims to help individuals manage the rising living costs and inflation more effectively. Millions of Americans rely on … Read more
As rumors about a $49 monthly Cost of Living Adjustment (COLA) increase for 2025 circulate, many recipients express dissatisfaction with the update. Here’s what you need to know about the projected COLA increase and its implications for retirees. Millions of retirees rely heavily on Social Security benefits to cover their daily expenses. For approximately 60% … Read more
President Joe Biden’s unexpected withdrawal from the 2024 presidential race has thrust Vice President Kamala Harris into the spotlight. With Biden’s endorsement, Harris is now the leading candidate for the Democratic ticket. Consequently, her policy positions, including those on Social Security, will be scrutinized by the public. Harris’ detailed stance on Social Security remains somewhat … Read more
Social Security is a crucial source of financial stability for many Americans, including retirees, survivors, and people with disabilities. While benefits under these programs are generally guaranteed, there are circumstances under which they may be reduced or terminated. Programs Social Security consists of three main programs: Despite its importance, current eligibility for benefits does not … Read more
Knowing the yearly increase in Social Security checks is crucial for millions of Americans who depend on these payments for their essential needs like housing, food, healthcare, and entertainment. One key factor influencing these payments is the cost of living adjustment (COLA). Each year, the Social Security Administration (SSA) implements a COLA to adjust Social … Read more