Social Security Reform Bill: What to Know - Newsweek
Sep 30, 2024 · A bill that could increase Social Security benefits for millions is being considered by lawmakers. The Social Security Fairness Act, which would eliminate loopholes that deny payments being...
A big Social Security shake-up is coming in 2025. Are you …
Aug 22, 2024 · Social Security needs to be able to adjust for inflation in several regards. And in 2025, a number of key changes are likely to arrive that could impact retirees and workers alike. Here are...
Social Security bill would give seniors an extra $2,400 a ... - CBS News
Jun 16, 2022 · Seniors and other Social Security recipients in the U.S. are being hit hard by inflation, which has outpaced increases in their benefits this year. Now, some lawmakers have a plan to boost Social...
Why October 12 is a big day for Social Security recipients - USA TODAY
Oct 8, 2023 · Seniors on Social Security were thrown a major bone at the start of 2023, when their benefits rose 8.7%. That cost-of-living adjustment, or COLA, was the largest one to arrive in decades, and...
Social Security recipients will get 2.5% COLA boost in 2025 | AP News
Oct 10, 2024 · WASHINGTON (AP) — Millions of Social Security recipients will get a 2.5% cost-of-living increase to their monthly checks beginning in January, the Social Security Administration announced Thursday. The cost-of-living adjustment, or COLA, for retirees translates to an average increase of more than $50 for retirees every month, agency officials ...
Social Security Administration to expand access to certain …
May 10, 2024 · The new changes affect Supplemental Security Income, or SSI, which provides more than 7 million Americans with monthly benefit checks. Those benefits are for seniors ages 65 and up, or adults and ...
Social Security projected to cut benefits in 2035 barring a fix
May 7, 2024 · The timeline to replenish Social Security is being extended. The federal retirement program said Monday it may not need to cut benefits until 2035, one year later than previously forecast,...
What to know about this year's Social Security cost-of-living ...
Oct 10, 2024 · NEW YORK -- Tens of millions of older Americans will see an increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments. The 2.5% raise is intended to help meet higher prices for food, fuel, and other goods and services.
Press Release | Press Office | SSA - The United States Social Security ...
Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase 2.5 percent in 2025, the Social Security Administration announced today. On average, Social Security retirement benefits will increase by about $50 per month starting in January.
Social Security benefits to jump by 8.7% next year | AP News
Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023. That’s a historic increase and welcome news for American retirees and others — but it’s tempered by the fact that it’s fueled by record high inflation that’s raised the cost of everyday living.