Inflation has steadily declined this year, prompting the Social Security Administration to issue the lowest COLA since 2020. 🚨 Don’t miss this amazing Black Friday Move! Get

With a little more than a month before the 2025 COLA kicks in, here's what you should know about the upcoming adjustment.

Social Security payments receive annual cost-of-living adjustments (COLAs) to protect the purchasing power of benefits from inflation. Americans have ranked inflation as their most pressing financial concern for three consecutive years,

Those born between the 1st and 10th of any date will be paid on the first wednesday of the month. The SSA pays those with birthdays between the 11th and 20th second wednesday, and all the remaining beneficiaries on the third wednesday of the month.

Medicare Part B premiums are rising again in 2025. The jump outpaces both Social Security's 2025 COLA and inflation, further squeezing seniors.

But a 2.5% COLA for 2025 stings because it's the smallest one to arrive in years. At the start of 2024, seniors on Social Security saw their benefits increase by 3.2%. And the year prior, Social Security recipients got a record-breaking 8.7% COLA. So a raise of just 2.5% seems awfully meager by comparison.

Declining inflation led to the lowest cost-of-living adjustment since 2020, with the 2025 COLA set to rise 2.5%.

Over 70 million Americans will see a 2.5% boost in Social Security benefits next year. Here's how to qualify for the maximum payout of $5,108.

For more, here's our essential Social Security cheat sheet, and don't miss the Social Security payment schedule and how to apply for Social Security Disability Insurance. What is

Take Social Security benefits. While some people will bring home the maximum payout each month, others will bring home the minimum. Somewhere in between is the average. 🚨Don’t Miss this amazing Black Friday Move!

The Social Security Administration (SSA) has officially announced a cost-of-living adjustment (COLA) that will provide extra money for retirees starting January 1, 2025. This adjustment will result in a 2.