Because so many older Americans get most or all of their income from Social Security, a lot of people ages 62 and over depend heavily on annual cost-of-living adjustments (COLAs) to keep up with their living expenses.

The 2.5% cost-of-living adjustment (COLA) began with benefits payable to retired Social Security beneficiaries when their January 2025 payments arrived.

Starting in January, Social Security recipients saw a 2.5% increase in their monthly payments as the annual cost of living adjustment (COLA) took effect. Benefits for February were sent out Wednesday. Social Security payments are sent on the second, third and fourth Wednesday of the month, depending on the recipient's birth date.

If you are a Baby Boomer who feels like your Social Security benefit doesn’t quite stretch far enough, there’s a very good reason for that. Your benefits have been losing ground for decades and, had they kept pace with inflation,

Choosing the right age to claim Social Security benefits is a crucial decision that can significantly impact your financial future. While many aim for full retirement age to maximize benefits, others may find earlier claims more beneficial.

Social Security benefits back in 1975 were puny -- at least by today's standards. Most of us will need more than Social Security income in retirement. There are multiple ways to increase your future benefits.

Social Security serves as a financial lifeline for millions of retired Americans. And there are a lot of retirees who don't have access to any income outside of those monthly checks. That's why the idea of Social Security cuts is so scary.