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2025 COLA SSI Increase – Importance, Impact and SSI Payment Schedule

November 21, 2024 by Vikas

Much of the summer was spent in speculation on 2025 COLA SSI Increase. Following the 3.2% COLA that was implemented at the beginning of 2024, Social Security seniors were anticipating a significant rise. Unfortunately, the COLA for the following year won’t be as high. In 2025, Social Security payouts will only increase by 2.5% because … Read more

COLA Increase 2025 – When Will You Receive Increased Social Security Payments?

November 21, 2024 by Vikas

The Cost of Living Adjustment (COLA) to Social Security benefits is applied by the US government at the beginning of every year. The goal of this change is to directly counteract price inflation so that retired Americans may keep making their bill payments without experiencing financial hardship. Without an inflation-based boost, seniors would undoubtedly lose … Read more