Here's What COLA Increase Means for Your Wallet

The Social Security Administration issues COLAs in most years to help Social Security benefits keep up with inflation.
Social Security benefits are increasing for all recipients in January 2025 thanks to the cost-of-living adjustment.
The COLA varies significantly from year to year. For 2024, the Social Security COLA was 3.2%. The Social Security Administration has announced a 2.5% cost-of-living adjustment (COLA) for ...
Knowledge gaps can lead to costly financial planning mistakes, so everyone should make an effort to stay informed.
The first adjusted payments will be made in December 2024 for those who collect Supplemental Security Income (SSI), which is issued to blind and disabled Americans with little to no income and assets, ...
The last round of Social Security Disability Insurance payments for December 2024 are landing a day early. Here's why.