The average Social Security payment will rise by more than $50 per month starting in January, thanks to the federal ...

In the United States, anticipation is building around the potential approval of the Social Security Fairness Act, a ...

The repeal of two provisions will boost Social Security payments for certain beneficiaries. Here's what we know so far.

One of the most important aspects of Social Security is that recipients are eligible for a cost-of-living adjustment (COLA) ...

The Social Security Act ties the annual COLA to the increase in the Consumer Price Index (CPI) for Urban Wage Earners and Clerical Workers as determined by the Department of Labor’s Bureau of ...

Before 1975, any benefits increases for the federal program literally took an act of Congress. However, beginning in 1975, an ...

"Americans who have worked hard all their lives to earn an honest living should be able to retire with economic security and ...

The COLA is intended to maintain the purchasing power of benefits against inflation, which has been notably higher in recent years. Let's dive deeper into how the COLA is calculated, what it will be ...

How the COLA is calculated has changed over the years. Initially, a new act of Congress was required each time benefits were increased. However, soaring inflation in the 1970s was rapidly eroding ...

Beneficiaries will see a 2.5% increase as a cost of living adjustment, also known as COLA. Over the past decade, the COLA has averaged around 2.6%. As inflation has cooled, the 2025 COLA of 2.5% ...