Economy Oct 24 Social Security recipients will get an average increase of $56 per month By Associated Press
Economy Oct 15 Social Security’s cost-of-living announcement is delayed, yet another shutdown side effect The postponement of the announcement has made it more difficult for people to plan out their finances. By Fatima Hussein, Associated Press
Nation Oct 10 Social Security recipients to get smaller 2.5% benefits boost in 2025 Millions of retirees who receive Social Security benefits will see a 2.5 percent cost-of-living increase to their monthly checks beginning in January. By Fatima Hussein, Associated Press
Politics Oct 09 Social Security is due for another cost of living increase. It ‘won’t make a dent’ for some retirees The annual Social Security and Medicare trustees report in May that the program's trust fund will be unable to pay full benefits beginning in 2035. If the trust fund is depleted, the government will be able to pay only 83%… By Fatima Hussein, Associated Press
Economy Oct 12 Social Security recipients will get over $50 more per month on average in 2024 This year's 8.7 percent benefit increase was brought on by record 40-year-high inflation, which pushed up the price of consumer goods. With inflation easing, the next annual increase is markedly smaller. By Fatima Hussein, Associated Press
Oct 13 Social Security benefits to get historic 8.7 percent boost next year By Fatima Hussein, Associated Press It's welcome news for American retirees and others, but also tempered by the fact that it’s fueled by high inflation that’s raised the cost of everyday living. Continue reading
Oct 13 Social Security COLA largest in decades as inflation jumps By Ricardo Alonso-Zaldivar, The Associated Press, Christopher Rugaber, Associated Press Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic. Continue reading
Oct 10 Seniors will get modest cost-of-living increase from Social Security in 2020 By Ricardo Alonso-Zaldivar, Associated Press Seniors and advocates complain that the inflation yardstick used to determine the annual adjustment doesn't adequately reflect their costs, mainly for health care. Continue reading
Jun 20 McConnell opposes efforts to revive cost-of-living raise for lawmakers By Andrew Taylor, Associated Press Lawmakers are supposed to get an automatic inflationary increase each year but it has been blocked since 2009. Continue reading
Oct 12 The Social Security benefits bump might not translate into a raise for seniors. Here’s why By Gretchen Frazee What will the change mean for your pocketbook? Economics correspondent Paul Solman and columnist Philip Moeller discuss. Continue reading