Americans have ranked inflation as their biggest financial concern over the past three years, according to Gallup, so Social Security recipients are eager to hear details about the cost-of-living adjustment (COLA) that will be applied to their benefits in 2025. More specific information will be available once the Labor Department releases September inflation data at […]
If you’re one of those people who gets the majority of your retirement benefits from Social Security, you may be curious to see how big your raise will be in 2025. Unfortunately, you’ll have to wait a little while longer. The Social Security Administration can’t announce an official Social Security cost-of-living adjustment for 2025 until […]
The prediction of another, smaller increase in the Social Security cost-of-living adjustment (COLA) could be a cause for concern among seniors. Social Security benefits support retired seniors and people with disabilities across America. Benefits change slightly each year based on the COLA, which is designed to adjust Social Security payments to account for inflation, which […]
Pensioners who were hoping for an increase in their social benefits could receive less than previously expected, an analyst predicted. Independent Social Security and Medicare policy analyst Mary Johnson predicts that the cost-of-living adjustment (COLA) for retirement and disability benefits will be 2.5 percent in 2025, up from the 2.57 percent estimate in August. Johnson […]
Patchareeporn Sakoolchai | moment | Getty Images Due to record-high inflation, welfare recipients have faced greater cost-of-living adjustments in recent years. However, the increase next year is unlikely to be quite as generous. Based on new government inflation data, beneficiaries could potentially expect only a 2.5 percent increase in their benefits in 2025, estimates Mary […]
“Inflation is when you pay $15 for a $10 haircut that used to cost $5 when you had hair.” –– Former baseball player Sam Ewing This quote is amusing – and it is also instructive, because it is quite outdated due to inflation. According to one recent estimate, the average cost of a haircut for […]
Personal data of millions of Americans hacked in data theft Millions of social security numbers were hacked after a massive data theft. Here’s how you can protect yourself. This year, nearly 68 million American retirees, veterans and dependents rely on Social Security benefits each month to make ends meet. For nearly 30% of Americans, these […]
U.S. Representative Lauren Boebert and her Democratic opponent Trisha Calvarese argued about veterans’ care, the national debt and the congressional record on Tuesday during their only scheduled debate in the race for the 4th Congressional District seat. Calvarese, a former speechwriter and union activist, has repeatedly attacked Boebert’s record in Congress, criticizing the Republican for […]
©GOBankingRates When you’re trying to put money away for a big goal like retirement, it can be difficult to move forward. You’re still working, but you also have to juggle multiple financial demands, including kids, college tuition, mortgages, and home improvements, while also trying to maintain a certain standard of living. Find out: 8 states […]
Personal data of millions of Americans hacked in data theft Millions of social security numbers were hacked after a massive data theft. Here’s how you can protect yourself. Some Social Security recipients may have noticed something unusual in this monthly schedule: There is no SSI payment scheduled for the month of September. The slight change […]
