Social security

In October, Social Security revealed the annual cost-of-living adjustment (COLA) for 2025, set at a 2.5% increase. This adjustment reflects an ongoing commitment to help the over 72.5 million beneficiaries keep pace with inflation and rising living costs, delivering much-needed financial relief starting January 2025.

Living abroad doesn't necessarily mean giving up your Social Security benefits. Many individuals wonder if they can still receive their Social Security payments if they move overseas. The answer may be more positive than you expect.

As you prepare for the Social Security changes that 2024 will bring, you should know about all of the benefits to which you may be entitled. This guide will walk you through the variety of Social Security benefits available so you can ensure you’re receiving all the money you qualify for. 

Social Security and Supplemental Security Income (SSI) benefits will increase 3.2% in 2024 for more than 71 million Americans. If you receive either of these benefits, you’ll likely have questions concerning what this means for your monthly benefit and other potential changes. Keep reading for all you need to know about the COLA adjustment for 2024.

If you’ve even glanced at the news this month, you’ve probably seen headline after headline about how the US might not be able to pay its debts, and that the country might even default. With that possibility looming overhead, many Americans have wondered if their Social Security benefits are on the chopping block.

Social Security is associated with retirees, but it also covers disabled people through Social Security Disability Insurance (SSDI) and those with limited resources through Supplemental Security Income (SSI). 

Social security is much more than just retirement benefits. In addition to providing monthly payouts and health care coverage to eligible recipients, social security also offers other services that are not widely known and often overlooked. We’ve gathered a few of the most helpful ones, and we’re sure you’re going to want to remember these for the future!