COLA

This week, the Social Security Administration announced the most significant disbursement increase to the program in decades. Since 1975, the SSA has annually introduced the Cost of Living Adjustment (COLA) after analyzing inflation to…

If a new plan recently submitted to Congress is passed, Social Security beneficiaries might get an extra $2,400 in payments each year.  Seniors would undoubtedly appreciate this since rising inflation has eliminated their yearly…

All eyes will be on the first Social Security payments of 2023 when the 66 million recipients' checks begin to reflect the record-breaking cost of living adjustment (COLA). The Social Security Administration will give an increase of 8.7%…

The most recent cost-of-living adjustment rate for Supplemental Security Income payments and Social Security benefits is 8.7%. The Social Security Administration indicated that while payables will begin in January 2023, the benefits rise…

The 2019 Consumer Expenditure Survey from the Bureau of Labor Statistics estimates that between 2016 and 2020, Americans 65 and over will spend an average of $48,791 year on necessities like food, housing, transportation, and healthcare.…

The Social Security Administration this week disclosed the largest payment increase for the program in decades. The Social Security Administration (SSA) has introduced a cost of living adjustment (COLA) every year since 1975 after…

The cost-of-living adjustment (COLA) will result in an 8.7% rise in Social Security recipients' payments in 2023.  While more than seven million recipients of Supplemental Security Income will begin to see the enhanced amount on December…