In response to ongoing inflation and increased living expenses, lawmakers have introduced a proposal to raise Social Security, SSI, and SSDI benefits by $2,400 per year beginning in 2025. This increase—part of the Social Security Expansion Act—would provide eligible recipients with an additional $200 per month, helping offset the rising costs of groceries, housing, medical […]
For millions of retirees, Social Security benefits provide essential monthly income. In 2024, the average Social Security check is $1,907, but with rising inflation and a new 2.5% Cost-of-Living Adjustment (COLA) for 2025, changes are coming. While this update means a slight increase in benefits, many fear it won’t be enough to keep up with the cost of living. If […]
If you’re receiving Social Security Disability Insurance (SSDI) or planning to apply, the 2025 SSDI pay chart is now available, and it’s vital for planning your monthly budget. The Social Security Administration (SSA) has confirmed a 2.5% Cost-of-Living Adjustment (COLA) for 2025, giving a modest but meaningful boost to monthly benefits in a year where […]
Millions of Americans rely on Social Security benefits to cover their basic living expenses. This week brings a financial boost for many recipients, with two separate Social Security payments set to arrive. These include both Supplemental Security Income (SSI) and Retirement Benefits, offering timely support amid rising living costs. Let’s break down who gets paid, how much to expect, and when the money is […]
Good news for U.S. veterans – VA disability benefits are set to increase in 2026, thanks to a projected 2.5% Cost-of-Living Adjustment (COLA). This annual boost helps veterans maintain their purchasing power in the face of inflation. While the 2026 adjustment is smaller than the historic increases in 2022 and 2023, it still provides much-needed […]
The Cost-of-Living Adjustment (COLA) is an annual increase applied to Social Security and other federal benefits to ensure that payments keep up with inflation. For millions of Americans, the COLA is a vital financial lifeline, especially for those on fixed incomes. With the 2026 COLA on the horizon, it’s time to break down the expected increase, eligibility, and payment dates to help you […]
