Tens of millions of older Americans will see an increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments.
Social Security recipients received a 3.
2% increase in their benefits in 2024, and some retirees are concerned that this year’s increase is not big enough to meet their needs.
The Social Security Administration will begin notifying recipients about their new benefit amount by mail starting in early December.
Supplemental Security Income provides monthly payments to adults and children who have income below specific financial limits and qualify to receive Social Security benefits.
About 72.
5 million people, including retirees, disabled people and children, get Social Security benefits...
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