2. COLA increase
Maybe some of you were expecting this to happen, but yes, the COLA will increase. The new cost of living adjustment will be 3.2%, and even if this is a decline compared to 2023, this is such a big change compared to the average of 2.6% we used to have for decades in a row.
Such a change will affect everyone who receives Social Security benefits. But how much this will affect you depends on how much you earn and when you decide to claim the benefits.
Of all the Social Security changes coming this year, this one will give you some extra cash, but on average, this is not a lot. Maybe you will receive around $59 more per month. It is like a little bonus you can get if you are wise with your finances.
If you are one of those who have a long-term disability, you will receive extra money too. Again, it is not an incredible sum—around $48 per month—but nobody gets mad for reviving more money. After all, it will add up over time, and this is an advantage. You can start a little savings account.
I collect SSI benefits being a widow. My question is some months I get my check on first Friday of the month and others it is the second Friday. I rely on this check to pay my rent and need it to be consistently n first Friday. Can anyone explain why the payment dates change each month
Will there be changes for people receiving SSDI?
Once again, those awful laws, GPO and WPC, are not changed. Both affect me. I cannot access my late husband’s SS benefits (which were much better than mine) and — another punch in the gut — my own meager SS benefits are reduced because I have a decent Government pension. My own SS benefit does not even pay for my Medicare, which I have to pay double for.
Eliminating those two laws, which mostly affect widows who have worked for the government, would correct an injustice.
I’m a WW2 veteran now 98 years old. I’m now disabled and need help. I own my home but it needs a lot of attention. I’m finding absolutely no help in finding that help. Are those of s=us from World Two just forgotten now?
Has there been any Congressional discussion to remove the Federal & state governments from taxing Social Security since this money was taxed when it was earned by each individual that is receiving a SS check. It appears as double taxation to me & completely unfair .
Thank you