social security cola

Social Security Update: Seniors Could Get $495 Check Under New Proposal

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Social Security Update Seniors Could Get $495 Check Under New Proposal (1)

A recent proposal from an important senior advocacy group proposes that a one-time payment amount to $495 be given to persons receiving Social Security benefits. This amount could be defined as dividends possibly coming from recovering paid-back Social Security overpayment funds. So far, the initiative is in its early stages; however, it opened doors for … Read more

Social Security COLA Forecast Revealed – Will Your Payments Go Up?

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Social Security COLA Forecast Revealed – Will Your Payments Go Up

The Social Security Administration (SSA) made a 2.5% formal announcement for adjustment in Cost-of-Living for 2025, to enable all the beneficiaries to cope with increasing living expenses. This adjustment will affect over 72.5 million Americans, that includes retirees and those receiving Supplemental Security Income (SSI). New Social Security COLA Forecast The 2.5% Social Security COLA … Read more