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.

New York — Tens of millions of older Americans will see an increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments.

For the second straight year, former federal workers will see a smaller increase to their defined-benefit annuities in January, with FERS retirees set for a 2% increase and CSRS annuitants a 2.5% bump.

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.

The Social Security Administration just announced the 2025 cost-of-living adjustment set to impact over 72 million Americans. Experts suggest the adjustment is disappointing. Check out our breaking news to learn more.

Social Security announced changes that will affect the amount of money current and future retirees have next year.

Here’s what you need to know about Social Security benefits and taxes. The government program provides financial assistance to Americans throughout their lives, including retirement. Social Security is the major source of income for people over the age of 65,

A recent survey from the Motley Fool shows 50% of retirees have considered going back to work to make ends meet.

Social Security retirees who have enjoyed big cost-of-living adjustments will face an unpleasant surprise next year.