The latest CPI data showed that the Social Security cost-of-living adjustment (COLA) could be 8.7% for 2023, according to The Senior Citizens League. This is down from the group's forecast last month when it said benefits could increaseby as much as 9.6%next year. But while this increase...
Following the release of the January inflation report in February, non-partisan senior advocacy group The Senior Citizens League (TSCL)updated its long-term Social Security COLA forecast for 2025 to 1.75%. Believe it or not, this was actually anincreasefrom the 1.4% COLA they had foreca...
Social Security could increase next year, according to The Senior Citizens League. (iStock) While inflation improved slightly in July, Social Security could still see its highest increase in decades in 2023, according to the latest forecast from The Senior Citizens League. The Consumer Price Inde...
What is the VA benefits COLA increase for 2025? Earlier this month, Congress passed anew lawthat ties veterans' benefits to Social Security's cost-of-living increase. Called the Veterans' Compensation Cost-of-Living Adjustment Act of 2024, the law directs the VA to increase veterans' benef...
The updated forecast came hours after the government reported that prices rose 2.5% in the 12 months ending in August, as inflation continues to moderate. The projected increase is not yet official, as the Social Security Administration typically determines the following year's COLA in mid-October...
(NEXSTAR) – Social Security recipients are getting a 3.2% increase to their monthly benefits come next year. On Thursday morning, the Social Security Administrationofficially announcedits annual cost-of-living adjustment (COLA) for beneficiaries starting in 2024. The bump, at 3.2%, is among some...
The Social Security Administration is expected to announce the COLA for 2025 on Thursday. In contrast, Social Security beneficiaries saw a 3.2% increase to benefits this year. In 2023 and 2022, beneficiaries saw the biggest boosts to benefits in four decades, with COLAs of 8.7% and 5.9%...
Investors can celebrate 2024 stock market gains, lower inflation, tax-deductible IRA contributions and expanded gift-tax exclusions. Kate StalterNov. 18, 2024 Learn About Social Security Early Younger workers have a lot to gain by understanding how Social Security works. ...
For example, if you are eligible for $1,000 per month in Social Security payments at your full retirement age of 67, you could increase your Social Security benefit to $1,240 per month by waiting until age 70 to start your Social Security payments. These higher payments last for the ...
WASHINGTON (WJW) – Social Security and Supplemental Security Income (SSI) benefits will increase 1.3 percent in 2021, the Social Security Administration announced Tuesday. The average retiree will get a $20 increase per month. The 1.3 percent cost-of-living adjustment (COLA) will begin with bene...