Every October, the Social Security Administration (SSA) announces how much more seniors will receive from the government program the next year due to inflation. The COLA for 2025 will be 2.5%, which is a big step down from the increases received for the last three years.

Inflation has fallen from the four-decade high it reached in 2022, but the price increases that scorched the economy following the pandemic are still a source of hardship for many retired workers. Consider these statistics from the Schroders 2024 U.S. Retirement Survey: Fewer than 50% of retired workers believe they have enough money saved.

Americans can expect an adjustment in their Social Security benefits, as the federal administration plans to roll out several changes to the program starting early next year. Here's what to know about how the program will change starting early next year.

All Social Security checks have been sent out for the month of October, and no additional payments are scheduled to go out until November. If you still haven't received your check for the month of October,

There's perhaps no more important announcement in the context of Social Security than each year's cost-of-living adjustment (COLA). Many seniors rely on Social Security to provide a large chunk of their retirement income.

The Social Security Administration (SSA) recently announced that beneficiaries will get a 2.5% cost-of-living adjustment (COLA) in 2025. The new adjustment will boost the average retirement check