Social Security benefits will arguably lose buying power next year because the 2.5% COLA understates inflation.

The House is expected to try to pass a Social Security-related bill this week to ensure benefits for workers who are also eligible for other pensions, despite a surprise move by hard-right Freedom Caucus leaders to derail the effort.

The House is expected to try this week to pass a Social Security-related bill to ensure benefits for workers who are also eligible for other pensions despite a surprise move by hard-right Freedom Caucus leaders to derail the effort.

Workers with disabilities and survivor beneficiaries will receive a 2.5% increase to their monthly checks, as well. For the average worker with disabilities, their Social Security benefit is projected to rise by $38 per month, from $1,542 to end 2024 to $1,580 to begin the new year.

In a surprising turn of events, the House is set to attempt passing a crucial Social Security-related bill next week. This comes after a sudden move by the hard-right Freedom Caucus to derail the bipartisan effort.