People aged 65 and above expressed joy when President Joe Biden ratified the Social Security Fairness Act. The newly signed legislation raises Social Security payments for 3.2 million retiree groups and their spouses after it eliminates two controversial benefit restrictions. The sudden delay in benefit payments became known to retirees who anticipated quick financial improvement … Read more
Social Security is under the spotlight again, with fears about further changes to come bubbling closer to the surface. A recent study subsidized by AARP and conducted by the National Academy of Social Insurance (NASI) found support among a number of Americans—across political lines—for an increase in Social Security benefits specifically for caregivers and older … Read more
2025 Confirmed Social Security: Recipients of social security will see a 2.5% Cost boron adjustment (CLA) increase in 2025, which affects their monthly payment from January. This adjustment helps maintain inflation and ensures that retired and other recipients maintain purchasing power. In this article, we will break social security growth for the payment plan 2025, … 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