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

Considering how important Social Security is to seniors, it should come as no surprise that the reveal of the program's ...

Inflation has more or less finally been tamed. That's the main takeaway from Social Security's 2025 cost-of-living adjustment ...

The most direct and obvious effect of the new COLA is the increase in monthly benefits. If your monthly Social Security ...

“The Social Security cost-of-living adjustment is an annual increase to every recipient ... rate has fallen substantially from its peak in 2022. “The past few years had high increases ...

Workers with disabilities and survivor beneficiaries will receive a 2.5% increase to their monthly checks, as well. For the ...

Social Security recipients ... following a steep 8.7% rise in 2022 — the largest increase since 1981. Inflation measures the change in prices, not whether they are cheap or expensive in the ...

Spending among retired consumers is slowing down amid weaker boosts to Social Security incomes, Bank of America said.

The Social Security Administration (SSA) administers retirement, survivor and disability benefits to tens of millions of Americans every month. These benefits include retirement, disability, and ...

Bank of America said retired consumers enjoyed greater spending power in the past two years as Social ... increase occurs each October to adjust for inflation. The bank said it jumped 8.7% in 2022 ...

2021: 1.3% 2022: 5.9% 2023: 8.7% 2024: ... Some recipients will receive the increase sooner, however. If you've received Social Security benefits since before May 1997, your first check of the ...