As 2025 rolls along, recipients of Social Security and SSI will see a nifty 2.5% increase in their COLA. This brings federal SSI payments to $967 to individuals, $1,450 to couples, and $484 to essential persons. Meanwhile, the average ranges of Social Security benefits are difficult to compare on a state-by-state basis, because of differences … Read more
Retirees dependent on Social Security benefits have good news for the year 2025, as a 2.5% cost-of-living adjustment (COLA) has been announced by the Social Security Administration (SSA). The adjustment is aimed at inflation compensation to help beneficiaries maintain their purchasing power in view of increased prices on the necessities of life-groceries, housing, and healthcare. … Read more
Social Security COLA $49-$100 Increase in 2025: The 2.5% Cost-of-Living Adjustment (COLA) for 2025 will come as a monthly increase in benefit from $49 to $100 for Social Security recipients based on their current payments and earnings history. This is informed by the Social Security Administration as an initiative to support recipients’ demands regarding inflation … Read more