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.
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.
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.
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.
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
I'm Afraid Social Security Will Run Out of Money. Is My Retirement Doomed?
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. If you were to ask a room full of retired people whether they’re worried about the future of Social Security,
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 ...
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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Gillibrand calls on Senate to pass Social Security Fairness Act
The bipartisan bill would increase Social Security benefits for 2.5 million Americans, including first responders.
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 ...
Social Security Fairness Act Petition Passes 10,000 Signatures
A petition to force a vote on the Social Security Fairness Act in the Senate has surpassed 10,000 signatures. The petition was set up by the American Federation of State, County and Municipal ...
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 ...
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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 ...