The Cost-of-Living Adjustment (COLA) for Social Security benefits is expected to rise in 2025. This increase is crucial for millions of Americans who rely on these payments to manage their monthly expenses, particularly retirees and disabled citizens. Here's what you need to know about the upcoming COLA increase and how it may affect your benefits. What Is COLA and How Is It Calculated? The COLA is an annual adjustment to Social Security benefits based on the inflation rate, which reflects the rising cost of living in the United States. The Social Security Administration (SSA) uses the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to calculate these adjustments. The 2025 COLA is projected to increase by around 2.56%, although the final figure will be confir...

With October approaching, many Social Security recipients are wondering when their next check will arrive. Your exact payment date depends on factors like when you started receiving benefits and your birthdate. Here's a breakdown of the payment schedule and answers to common questions about Social Security benefits. October 2024 Payment Schedule For October 2024, the Social Security Administration (SSA) will follow the usual staggered payment schedule: October 3, 2024: For individuals receiving both Social Security and Supplemental Security Income (SSI) or those who started receiving benefits before May 1997. October 9, 2024: For beneficiaries born between the 1st and 10th of the month. October 16, 2024: For beneficiaries born between the 11th and 20th of the month. Octo...

In October 2024, Social Security Disability Insurance (SSDI) recipients will receive payments on four different dates, depending on their eligibility and birthdate. These payments follow Social Security’s regular schedule but have specific guidelines based on individual circumstances, including Supplemental Security Income (SSI) eligibility. SSDI Payment Schedule for October 2024 The first SSDI payment in October 2024 will be on October 3, reserved for those who qualify for both SSDI and SSI and for individuals who have been receiving SSDI since before May 1997. The remaining SSDI recipients will receive their payments on three consecutive Wednesdays, depending on their birthdate: October 9: Recipients born between the 1st and 10th. October 16: Recipients born between the 11th...