Social Security recipients are projected to receive a 3% cost-of-living adjustment (COLA) in 2025. However, concerns arise as inflation cools, potentially leading to a lower COLA. Recent updates include June payments of $4,873 and upcoming July payments of $943. The Treasury Department warns that by 2035, Social Security may only be able to pay 83% of benefits due to trust fund depletion. Actuaries predict steep benefit cuts starting in 2033 without changes.
Social Security update: Second round of June payments worth $4,873 goes out in two days https://t.co/XO1AryeEii
Social Security beneficiaries may face an across-the-board benefit cut in the next decade if Congress does not take action sooner. https://t.co/o4JR0cHxFA
Social Security update: July direct payment worth $943 goes out in 16 days https://t.co/IvBwbngR0K
Social Security update: Second round of June payments worth $4,873 goes out in three days https://t.co/9nfnqCjlE3
Your Social Security increase could be smaller than expected next year https://t.co/XvRXkNaFGN
Social Security payments will get cut $325 a month starting in 2033 without changes: actuaries https://t.co/ghTp4vHKQf
Social Security update: July direct payment worth $943 goes out in 17 days https://t.co/4ovKXpzgEM
Social Security payments could see steep cuts starting in 2033 https://t.co/jK9uykkOo2 https://t.co/RhO2cSX56m
Social Security update: Second round of June payments worth $4,873 goes out in four days https://t.co/A4dVQXVoRk
The Treasury Department said last month that the trust funds — which cover old age and disability recipients — will be unable to pay full benefits in 2035. If that happens, Social Security would only be able to pay 83% of benefits. https://t.co/ofW0Dj6F70
Social Security update: July direct payment worth $943 goes out in 18 days https://t.co/R3D5yX2jLx
Social Security update: Second round of June payments worth $4,873 goes out in five days https://t.co/7hJYoah9jN
Social Security update: First round of June payments worth $4,873 goes out Wednesday https://t.co/MT74NQkZzA
Social Security’s COLA could be lower in 2025 amid cooling inflation https://t.co/l9hZ34Hv7y
Social Security recipients now look to be in line for ‘COLA’ of 3% in 2025 https://t.co/Zm4LuoTZM3