Tag Archives: Securitys

WASHINGTON (AP) — The ongoing government shutdown is delaying the announcement of the annual Social Security cost-of-living adjustment for tens of millions of beneficiaries. Originally scheduled for Wednesday, the 2024 Social Security COLA announcement will now be Oct. 24. It is timed to the September Consumer Price Index, which also has not yet been released. READ MORE: Social Security has …

The Social Security Administration’s annual announcement setting next year’s cost-of-living adjustment, or COLA, will be delayed because of the government shutdown, the agency said. Each year, the Social Security Administration adjusts benefits for its 75 million recipients based on recent inflation data, which ensures that seniors, disabled Americans and other beneficiaries don’t lose purchasing power as prices rise. Social Security had …

President Trump’s tariff and trade policy is set to influence Social Security’s “raise” for the upcoming year. In theory, the big day for Social Security’s more than 70 million traditional beneficiaries is less than a week away. Depending on whether or not the federal government shutdown delays a key data release (which I’ll touch on in a moment), the Social …

The Bureau of Labor Statistics is calling some staff back to work to prepare its closely watched inflation gauge, the Consumer Price Index (CPI) report, despite the government shutdown, a Trump administration official told CNN. The latest CPI data was previously scheduled for release on October 15. It’s unclear whether the report will still be released next week or delayed …

Social Security benefits for retired workers are indirectly influenced by their state of residence. Social Security benefits are an important source of income for most retired workers, so the annual cost-of-living adjustment (COLA) is always a highly anticipated event. Next week, the Social Security Administration will announce the upcoming 2026 COLA on Oct. 15, provided the federal government shutdown has …

Social Security benefits are on pace to receive a 2.7% cost-of-living adjustment in 2026. The Social Security Administration will announce the 2026 cost-of-living adjustment (COLA) on October 15, provided the government shutdown has ended. In the meantime, two of three data points needed to determine the COLA are available, which means we already have a good sense for how much …

In spite of an expected first for Social Security’s cost-of-living adjustment since 1997, next year’s raise is likely to come up short for most beneficiaries. The biggest announcement of the year for Social Security’s more than 70 million beneficiaries is rapidly approaching. In a little over two weeks, on Oct. 15, the Social Security Administration (SSA) will lift the hood …

Social Security commonly undergoes changes each year. The program’s earnings-test limits tend to rise from one year to the next, as does its wage cap. But perhaps the most important update in the context of Social Security is the program’s cost-of-living adjustment (COLA). Each year, Social Security benefits are eligible for a COLA automatically. COLAs are meant to help ensure …

SEATTLE — The 90th anniversary of Social Security did not pass quietly this week. Some advocates and lawmakers used the day to draw attention to their concerns about the program’s future. “This is a promise that was made to the American public,” Advocacy Director for AARP Washington, Cathy MacCaul said. “Workers pay into this each and every paycheck, Social Security …

Not even a potentially history-making moment will be enough to prevent retirees from getting the short end of the stick, yet again. For most retired Americans, Social Security is more than just a monthly check. It represents a financial foundation that helps them make ends meet. Even though the average monthly retired-worker check only crested $2,000 for the first time …