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 […]
The era of guaranteed full Social Security benefits is under threat. According to a July 2025 analysis, the Social Security retirement trust fund could be insolvent by late 2032, triggering an automatic 24% cut in benefits—unless Congress acts. This article explores the causes, timeline, impact, and possible fixes in detail. Why Is a 24% Cut […]
August 2025 brings a payment twist for Supplemental Security Income (SSI) recipients in the U.S. Instead of receiving one monthly deposit, eligible individuals will get two SSI payments—the standard August payment and an early September payment, bringing the potential total to $1,939.30 for individuals and up to $2,900 for eligible couples. Let’s break down why […]
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 […]
Thousands of Canadian retirees are in for a pleasant surprise this August as the Canada Pension Plan (CPP) payment of $844.67 rolls out. This mid-year boost reflects increased contributions, cost-of-living adjustments, and enhancement phases, all of which are designed to provide greater financial stability during retirement. If you receive CPP or plan to apply, it’s important to understand who qualifies for […]
As the cost of living in Canada continues to climb, the federal government is offering crucial financial relief. The Canada Grocery Rebate 2025 is a one-time, tax-free payment of up to $628, scheduled for August 19, 2025, and will be distributed by the Canada Revenue Agency (CRA). This initiative is designed to assist low- and […]
The Child Tax Credit (CTC) has received a much-anticipated update for the 2025 tax year, bringing welcome relief to American families. Under new legislation known as the “One Big Beautiful Bill”, signed into law on July 4, 2025, the credit has increased from $2,000 to $2,200 per eligible child. This is part of a broader federal initiative aimed at combating […]
Over 7.2 million Americans receiving Supplemental Security Income (SSI) from the Social Security Administration (SSA) can expect their next monthly payment to arrive on August 1st, 2025. As part of the SSA’s structured payment calendar, this upcoming SSI payment comes with no delay, as the date falls on a Thursday, not a weekend or federal […]
The Canada Revenue Agency (CRA) is set to distribute the next installment of the GST/HST credit in August 2025, with eligible low- and moderate-income Canadians receiving up to $179. This tax-free quarterly benefit helps offset the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) paid on everyday purchases. If you live in Canada […]
As Canada moves through 2025, the retirement age and pension withdrawal rules have become a national conversation, with mounting pressure on the federal government to reassess existing policies. With Canadians living longer and the cost of living rising, this debate touches nearly every citizen—especially those nearing the age of 60 or older. From Canada Pension […]
