Social Security, COLA
The 2025 Social Security COLA Will Be Announced in October. Here's What That Means for Retirees.
The Social Security Administration (SSA) will announce the 2025 COLA on Oct. 10, 2024. That's the day the Bureau of Labor Statistics releases its inflation data for September. The CPI-W for September is the only missing piece of information needed for SSA to calculate next year's adjustment.
Social Security COLA raise: How much will recipients get in 2025?
The Social Security Administration is less than two weeks away from announcing its cost of living adjustment (COLA), the annual bump in recipients' payments to help them deal with inflation.
Mark your calendars: 3 Social Security COLA dates to know for 2025
Technically, the Social Security Administration will apply the 2025 COLA to your December 2024 payment. But since you receive Social Security checks in the month after the month they're due, you won't get your first payment with the COLA until January 2025. The exact date depends on the day of the month you were born, as follows:
2025's Social Security COLA: Your Top 5 Questions, Answered
Social Security serves as a critical source of income for millions of retired seniors. And for those who rely on those benefits heavily to pay the bills, annual raises often spell the difference between being able to make ends meet and struggling financially.
4 Sources of Retirement Income Besides Social Security to Rely Upon in 2025
Social Security checks are getting a boost next year, but if you're a retiree, you'll probably still need money from other sources to make ends meet.
Social Security's 2025 Cost-of-Living Adjustment (COLA) Is Shaping Up to Be a Double-Edged Sword for Retirees
Despite the 2025 cost-of-living adjustment (COLA) representing a modest silver lining, inflationary pressures are liable to ...
Social Security Checks of Up to $4,873 to Be Sent This Week
On Tuesday, October 1, the first round of payments will be made to those who receive Supplemental Security Income (SSI). SSI provides payments to adults and children with a disability or blindness, as ...
5 things to know about Social Security reforms being considered in Congress
Legislation that would reform some aspects of Social Security is gaining steam in Congress. The measure, dubbed the Social ...
Here's How the Estimated 2025 Social Security Cost-of-Living Adjustment (COLA) Could Compare to the Last 20 Years
We're less than two weeks away from the 2025 Social Security cost-of-living adjustment (COLA) announcement. The government ...
This Social Security plan will increase taxes, and Americans want it
Blanket Social Security payroll tax increases are not popular, but there's one tax hike a lot of Americans can get behind.
Five changes taking effect in 2024 that could affect Social Security benefits
Social Security benefits are constantly changing with the economy, resulting in several benefits changes this year.
This Was the Average Social Security Benefit in 1964, and Here's What It Is Now
Its average increases have seemingly kept pace with inflation, but they haven't necessarily kept up quite as well with ...
How to Fix Social Security to Protect the Young and Old
Without Social Security, nearly 40 percent of seniors would fall into poverty. Before Medicare, most seniors had no health ...
Bill to boost Social Security for public workers heads to a vote
Civil servants often feel cheated when their Social Security's cut to account for their pension. A bill going to a House vote ...