Social Security Benefit Boost in 2025 – Know Your New Payment Amount

Joe Biden

Social Security beneficiaries can expect a cost-of-living adjustment (COLA) in 2025, though this increase will be notably smaller than previous years. Following substantial COLA increases of 8.7% in 2023 and 3.2% in 2024, the 2025 adjustment is set at a more modest 2.5%. This translates to an average monthly increase of approximately $50 for beneficiaries, … Read more

2026 Social Security COLA – A Historic Adjustment that Sparks Concern

Joe Biden

For over 51 million retired Americans, Social Security benefits are a financial lifeline, crucial to daily survival. According to recent Gallup polls, around 88% of retirees rely on these benefits to some extent to cover essential expenses. Therefore, Social Security’s cost-of-living adjustment (COLA), which addresses inflation’s impact, is eagerly awaited each October. The recent 2.5% … Read more