Social Security, COLA

New Social Security Law Faces Long Delay Before Sending Out Adjusted Benefits
It ends the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which reduced or eliminated the Social Security benefits of over 3.2 million people who receive a pension based on work that was not covered by Social Security (a "non-covered pension").
Social Security's 2025 Cost-of-Living Adjustment (COLA) Is Already Falling Short
But based on recent data, it's clear that 2025's Social Security COLA is already failing to keep up with inflation. If things don't turn around, many retirees could end up struggl
2025 COLA Shortfall: Why Social Security Retirees Are Losing Spending Power
Social Security benefits received a 2.5% cost-of-living adjustment (COLA) in 2025, but for many retirees, this is not enough to keep up with rising prices. Their monthly checks don't go as far as they used to,
Retired and Struggling on Social Security? 4 Ways Downsizing Could Help
Key Points Many seniors struggle to pay their bills when they only have Social Security to fall back on. Downsizing your home could improve your financial picture in retirement. Not only might you lower your monthly costs,
Social Security Cost-of-Living Adjustment (COLA) Update: Here's the Projected Increase for 2026
By now, all seniors on Social Security should have gotten their first checks for 2025. With the latest 2.5% cost-of-living adjustment (COLA) in effect, the average benefit has climbed to $1,976 per month.
Dave Ramsey bluntly warns Americans on Social Security, poverty
In 2024, approximately 171 million American workers paid Social Security taxes, and nearly 72.9 million Americans received ...
Public workers waited 40 years for law to boost Social Security. Now, they wait for payout
It took 40 years for Congress to pass a law to boost Social Security for public workers. Now, SSA says they must wait at ...
First round of February Social Security payments goes out in 13 days
The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age ...
Social Security early COLA predictions are in: Will it help or hurt beneficiaries?
Data from TSCL’s 2024 Senior Survey shows 62% of older Americans worry their retirement income won’t even cover essentials ...
Social Security Payments: Millions May Not Receive Boost For Over A Year
Callers to the SSA hear a message about the Social Security Fairness Act, intended to reduce long and frustrating wait times ...
Social Security could owe you thousands of dollars. Here’s how to check.
The Social Security Fairness Act increased benefits to millions more retirees, including some who never claimed them.
Worried About How President Donald Trump's Social Security Plans Could Affect Your Retirement? Do These 4 Things to Prepare Now.
Those who are unable to work in retirement may be eligible for other government benefits, depending on their income.
Suze Orman warns U.S. workers on Social Security, 401(k) change
Related: Suze Orman warns Social Security recipients of a looming threat. Substantial contributions to employer-matching ...
Social Security payment this week: Up to $967 to be sent out
The maximum monthly SSI benefit for 2025 is $967 for an individual and $1,450 for a couple, compared to $943 and $1,415, ...
Are You Taking Social Security and Worried About the Federal Funding Freeze? Here's What You Need to Know.
An important footnote in the memo calling for a federal funding freeze exempted Social Security. The White House subsequently ...
Social Security Fairness Act Signed by Biden: What It Means for Your Retirement
Learn how the Social Security Fairness Act may increase your retirement benefits by eliminating the Windfall Elimination ...
Should you claim Social Security at the same time as your spouse? Here's how to know.
Another perk of being married in retirement is that both you and your spouse may each be eligible for a monthly Social Security benefit. That gives you access to even more income, and more financial ...