"This is a really exceptionally good news day for older Americans, because their COLA is going up, their [Medicare] premiums are going to go down, and that means a lot more money in everyone's pocket every month," said Cristina Martin Firvida, vice president of government af...
(In this case, from July-September 2023 to July-September 2024). The Social Security Administration has announced a COLA of 2.5% for 2025, which translates to an average bump of $48 in monthly Social Security benefits and raises the average check for retired workers to $1,968. Social ...
1. Social Security benefits will get a boost, thanks to COLA I'll kick off next year's Social Security changes with one of the most anticipated updates -- the annualcost-of-living adjustment(COLA). The COLA helps beneficiaries keep their buying power from one year to the next. In 2023,...
The Social Security Administration announced Thursday that the Social Security cost-of-living adjustment for 2025 will be 2.5%. Abbreviated COLA, the annual adjustment helps the payments for more than 72 million Americans, the vast majority of them retired, keep pace with rising prices. Becau...
Can Social Security Be Garnished? If that question has been on your mind, we've got good and bad news. Maryalene LaPonsieDec. 16, 2024 Bill Would Repeal Social Security Taxes A bill has been introduced to eliminate taxes on Social Security benefits. ...
Kate StalterNov. 18, 2024 Learn About Social Security Early Younger workers have a lot to gain by understanding how Social Security works. Rachel HartmanNov. 15, 2024
Biden urged to go big on Social Security as a way to beat Trump White House The alarming news progressive groups delivered to the White House congress Trump should exit race, Louisiana senator says white house White House picks former Maryland governor to lead Social Security Administration ...
2024 Social Security COLA RaiseUpdated on Aug. 14, 2023: This story was previously published at an earlier date and has been updated with new information. Tags: retirement, Social Security, aging, longevity, money, personal budgets, personal financeThe...
Considering how vitalSocial Security incomeis to the financial well-being of our nation's aging workforce, it should come as no surprise that the cost-of-living adjustment (COLA) announcement from the Social Security Administration in October is the most anticipated event of the year for ...
Understanding Social Security Investopedia / Xiaojie Liu The U.S.Social Security Administration (SSA)announces its annual changes to theSocial Securityprogram for the following year every October. The2025 changesconsist of a 2.5% cost-of-living adjustment (COLA) to the monthly benefit amount, an in...