Why Retirees' Average Take-Home Social Security Increase in 2025 Will Be 20% Lower Than They Might Expect
Less than six weeks remain before retirees will get a raise. Last month, the Social Security Administration announced that the next cost-of-living adjustment (COLA) will be 2.5%. The adjustment takes effect on Jan.
Medicare premiums rise for 2025, nicking retirees' Social Security checks
Seniors awaiting bigger Social Security checks next year may be shocked to discover higher Medicare premiums will eat up a chunk of their cost-of-living adjustment.
73% of workers worry Social Security won’t be able to pay retirement benefits. Here’s what advisers say.
Gen Xers say they are worried they may not receive their benefits at retirement age if Social Security funds are depleted.
There's Good News and Bad News About 2025's Social Security COLA
In 2022 and 2023, many seniors on Social Security struggled to keep up with surging bills. In 2025, costs are expected to rise at a much slower pace. This means that even with just a 2.5% COLA, Social Security recipients may not end up losing out on so much buying power.
The 2025 Social Security COLA Was Announced Last Month. Here's What That Means for Retirees
Social Security helps millions of older Americans stay afloat financially. And without those benefits, many would struggle to make ends meet. Retirees who get most or all of their income from Social Security also rely on the program's annual cost-of-living adjustments (COLAs) quite heavily to ensure that they're able to keep up with their bills from year to year.
The 3 Biggest Changes Made to Social Security in 2024 and How They Affect Your Paycheck
Various news stories about Social Security have made headlines throughout the year, ranging from questions concerning its solvency to arguments over how the program should be funded. Particulars
Working and Collecting a Social Security Benefit? Big Changes Are On the Way in 2025.
Social Security's cost-of-living adjustment (COLA) isn't the only notable change to America's top retirement program in 2025.
Nearly 3 in 4 Americans fear Social Security won't be available when they retire, poll finds
A new survey reveals widespread concerns among Americans about the future of Social Security benefits as the program faces potential funding shortfalls.
73% worry Social Security won’t pay promised benefits: Survey
Most nonretired U.S. adults, 73%, are worried they won’t get their promised Social Security benefits when they retire.
Social Security 2025: There's Good and Bad News Coming for High-Earning Workers
A new year brings new changes to the Social Security program. Increasing income limits could result in a larger tax bill for high-earning workers. That said, there is a silver lining these individuals can look forward to in 2025.
Social Security update: December direct payment worth $943 goes out in 5 days
December’s Supplemental Security Income payment, worth up to $943, will go out to millions of beneficiaries on Friday. The ...
Planning for retirement: Here's how I expect to spend my Social Security checks
The idea of depending entirely on Social Security doesn't sit well with me. That's why I'm taking control now by building ...
For Seattle-area residents, Social Security isn’t just a retirement income
When Sharon Callahan, 76, retired a decade ago, her finances were solid. The former professor at Seattle University had a 401 ...
When Are December 2024 Social Security Payments Coming?
Anyone born between the 21st and 31st of any month will have their benefits paid on December 27. January payments for SSI and ...
Senate has 6 weeks to vote to lift Social Security for public workers. Will it?
Public sector workers are anxiously waiting to see if the Senate will vote to finally eliminate provisions that cut their ...
No, the president cannot change Social Security
VERIFY readers asked if the president can change Social Security. Its tax rate and benefits are set by law, so it would take ...
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Living on Social Security in King County? Here’s what you need to know
Social Security is a critical safety net program that provides income to older individuals and people with disabilities.
Let's Get Real About Social Security and Immigration
For a majority of retirees, Social Security represents more than just a monthly check. This vital program provides a ...