How the 2.5% COLA Increase Impacts Your Social Security Payments This Year
There has been widespread buzz about a one-time $5,920 payment for Social Security and SSDI recipients in January 2025. However, as of now, the Social Security Administration (SSA) has not announced any such payment. Beneficiaries should rely on verified updates regarding their benefits, including this year’s 2.5% Cost-of-Living Adjustment (COLA). Here’s everything you need to…
