The 2025 Social Security COLA Was Announced Last Month. Here's What That Means for Retirees
But a 2.5% COLA for 2025 stings because it's the smallest one to arrive in years. At the start of 2024, seniors on Social Security saw their benefits increase by 3.2%. And the year prior, Social Security recipients got a record-breaking 8.7% COLA. So a raise of just 2.5% seems awfully meager by comparison.
When Are December 2024 Social Security Payments Coming?
Anyone born between the 21st and 31st of any month will have their benefits paid on December 27. January payments for SSI and Social Security for those who have been claiming since before July 1997 will be made on December 29 as January 1 is a holiday.
73% of workers worry Social Security won’t be able to pay retirement benefits. Here’s what advisers say.
That includes 81% of working baby boomers and 82% of Gen Xers who are worried they may not receive their benefits at retirement age if Social Security funds are depleted.
Social Security update: December direct payment worth $943 goes out in eight days
The Supplemental Security Income payment for December, worth up to $943, will go out to millions of beneficiaries in eight days. Beneficiaries will receive two checks this month because the next payment is scheduled to be distributed on Nov. 29, as Dec. 1 is a Sunday, and payments are not distributed on holidays or weekends.
No, the president cannot change Social Security
VERIFY readers asked if the president can change Social Security. Its tax rate and benefits are set by law, so it would take an act of Congress to change them.
The 1 Thing Everyone Needs to Know About Social Security Before Retirement
Social Security pays benefits each month to millions of older Americans. For many, those benefits spell the difference between making ends meet in retirement, versus not being able to afford basic essentials.
This Bill Could Help Millions Get Bigger Social Security Payments — if Congress Acts
The House recently passed the Social Security Fairness Act, which would expand benefits for public-sector workers and their families.
Social Security: New legislation would increase monthly benefits for 2.5M Americans
Millions of Americans could soon receive higher monthly Social Security benefits courtesy of new federal legislation. Last week, the U.S. House of Representatives overwhelmingly passed the Social Security Fairness Act,
House passes bill to increase Social Security
The House of Representatives has passed a bill that would increase Social Security benefits for some pensioners. The bipartisan legislation, led by Representatives Abigail Spanberger and Garret Graves,
Senate has 6 weeks to vote to lift Social Security for public workers. Will it?
Public sector workers are anxiously waiting to see if the Senate will vote to finally eliminate provisions that cut their ...
House Passes $196 Billion Social Security Bill: Will Repealing Pension Reductions Shorten The Program's Lifespan?
On Nov. 12, the U.S. House of Representatives passed the Social Security Fairness Act, a bipartisan bill set in motion to ...
Social Security beneficiaries to soon receive notices revealing the size of their 2025 benefit checks
A 2.5% cost-of-living adjustment, Medicare Part B premiums and tax liabilities are key changes to watch for that affect 2025 ...
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How to Suspend Your Social Security Benefits and Why You'd Want To
If you're receiving Social Security benefits, you may be able to pause them temporarily so you can get a bigger check later ...
Martin O'Malley, former Maryland governor, to run for DNC chair, resigns from Social Security Administration
Former Maryland Gov. Martin O'Malley is resigning as Social Security Administration commissioner to run for chairman of the ...
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73% of workers worry Social Security won't be able to pay retirement benefits. Here's what advisors say
Social Security faces a 2033 depletion date for the trust fund it relies on to pay retirement benefits, according to the ...
I’m 54, but my wife is already 63. Can she claim on my Social Security record as a spouse?
Dear Fix My Portfolio, I have a quick question about Social Security. I’m currently 54 and my wife is 63. We’ve been married ...