COLA, Social Security

SSI payments usually go out on the first day of the month but are going out earlier for January, February and March.
Knowledge gaps can lead to costly financial planning mistakes, so everyone should make an effort to stay informed.
Starting in January, millions of Social Security recipients can expect to see these changes in their payments.
Social Security's 2025 cost-of-living adjustment (COLA) bumped the average benefit from $1,927 per month to $1,976 per month.
Calendar changes mean some recipients will get January payments today. Another quirk occurs at the end of 2025.
Legislation now headed to President Biden's desk comes with the Social Security Administration staffed at a 50-year low.
Because of the calendar, Social Security recipients who get Supplemental Security Income benefits get their first 2025 check ...