Millions of Supplemental Security Income (SSI) recipients will see an increase in their monthly payments starting January 2025, with eligible couples receiving up to $1,450. This adjustment reflects the annual cost-of-living adjustment (COLA) introduced by the Social Security Administration (SSA) to help beneficiaries keep up with inflation. What’s Behind the Payment Increase? The COLA for…
Millions of Americans are set to receive $1,200 federal payments in April 2025, offering much-needed financial relief amid rising costs. The U.S. government has announced this round of payments to assist households grappling with economic challenges like inflation and job instability. Here’s what you need to know about eligibility, payment methods, and how to ensure…
Rumors of $1,000 direct payments for Americans in 2025 have been circulating widely, but what’s the real story? As of now, no federal program has been announced to provide universal $1,000 payments. However, some individuals may qualify for related financial assistance through ongoing federal and local initiatives. Here’s what you should know about eligibility, payment…
Visa and Mastercard have agreed to a $197.5 million settlement to resolve a long-standing class-action lawsuit over allegedly excessive ATM surcharges. As part of this agreement, eligible cardholders could receive up to $1,797 in direct payments. The settlement stems from claims that Visa and Mastercard, along with major banks such as JPMorgan Chase, Wells Fargo,…
Millions of New Yorkers are set to receive financial relief in 2025 through state and federal stimulus programs. These payments aim to help individuals and families navigate rising living costs and recover from economic challenges. Here’s a breakdown of who qualifies for these payments and what to expect. State Stimulus: New York’s Proposed Inflation Refund…
The Social Security Administration (SSA) has released the payment schedule for February 2025, ensuring millions of recipients know exactly when to expect their benefits. Whether you’re a retiree, a Supplemental Security Income (SSI) recipient, or receiving Social Security Disability Insurance (SSDI), here’s what you need to know about your payment dates. Payment Dates for February…
Millions of New Yorkers relying on the Supplemental Nutrition Assistance Program (SNAP) may soon face reduced benefits due to proposed federal budget cuts. The potential reductions, part of a broader federal spending reform plan, have sparked concern among advocates and recipients across the state. What’s Happening? A Republican-led proposal in Congress seeks to reduce federal…
Divorce is never easy, and it can raise big questions about your financial future—especially when it comes to Social Security. If you’re retired or nearing retirement, understanding how divorce impacts your benefits is critical for planning your finances. Here’s a closer look at how spousal and survivor benefits work after divorce. How Divorce Impacts Social…
Millions of Americans receiving Social Security benefits are set to see a boost in their monthly payments starting in January 2025. The Social Security Administration (SSA) has announced a 2.5% Cost-of-Living Adjustment (COLA) for the new year, aimed at helping recipients manage rising costs. This adjustment will impact over 72 million beneficiaries, including retirees, disabled…
Millions of Social Security recipients can expect direct deposit payments of $227, $784, or $1,069 in 2025, reflecting adjustments designed to provide financial stability amid rising living costs. Here’s everything you need to know about these payments, who qualifies, and when they’ll be distributed. Understanding the Payment Amounts The amounts—$227, $784, and $1,069—correspond to different…