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.
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.
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.
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.
Next year's 2.5% Social Security COLA isn't so bad when you consider this
But when we look back at the data, it becomes clear that a 2.5% Social Security COLA isn't so terrible. In fact, it's a lot more generous than some of the COLAs beneficiaries have seen in the past. In 2024, Social Security benefits rose by 3.2%. The year prior, they increased by 8.7%. And in 2022, a 5.9% COLA came through.
Suze Orman: 2025 Social Security Changes You Need To Know About and Their Impacts
Starting in January 2025, Social Security beneficiaries will see a 2.5% cost-of-living adjustment (COLA), marking the smallest increase since 2021. This modest adjustment reflects a positive
Most workers worry Social Security won't pay out future benefits. Here’s what advisors say.
Most Americans are concerned about what may happen to Social Security when its retirement trust fund crosses a projected 2033 depletion date, according to a new Bankrate survey.
More than half of non-retired US adults expect to rely on Social Security in retirement
Social Security is by far one of the most popular government programs in the United States because it is critical for so many retirees’ financial security.
Social Security update: Most people worry they won’t ever see benefits they paid into
Future and current retirees are increasingly worried that they won't receive their full Social Security benefits that they pay into.
The 3 Biggest Changes Made to Social Security in 2024 and How They Affect Your Paycheck
Various news stories about Social Security have made headlines throughout the year, ranging from questions concerning its solvency to arguments over how the program should be funded. Particulars
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 ...
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 ...
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 ...
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 ...
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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 ...
Social Security update: Second round of November payments worth $4,873 goes out in one day
The second round of November’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at age ...
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 ...
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 ...