COLA

The most recent cost-of-living adjustment (COLA) for Social Security was 8.7%. This was the most significant increase in decades. Inflation soared in 2022, driving up the cost of living for all retirees and causing many to struggle…

Next year, Social Security recipients may receive a lower cost-of-living adjustment (COLA), according to new government inflation data. The Consumer Price Index for All Urban Consumers, or CPI-U, increased 5% from a year ago and 0.1% in…

The declining US inflation rate is great news for consumers, but it may result in Social Security retirees receiving a much less cost-of-living adjustment (COLA) the next year—possibly 2% or less. Based on the most recent inflation…

Inflation surged from the beginning to the end of 2022, making it difficult for US households to satisfy their financial obligations. Several people ended the year in debt because they were unable to pay their payments on time. While…

This year, Social Security will experience many changes, many of which are related to the largest cost-of-living adjustment (COLA) in more than 40 years. There will be other changes in 2023 besides the new COLA that will affect payments…

The first of the two checks for recipients of Social Security payments will be issued in just 12 days, on March 1. Supplemental Security Income (SSI) recipients will receive checks totaling $914 each, for a total payment of $1,828 in…

An increase of 8.7% in the cost-of-living adjustment for 2023 will provide Social Security recipients with their largest raise in the past four decades. Some individuals may become impatient and feel pressured to file for Social…

The SNAP benefits, maximum allotments, deductions, and income eligibility requirements have all been modified by the US Agriculture Department's Food and Nutrition Service. The modifications will take effect on October 1, 2022. The…