Senior plc Stock

Social Security is an increasingly important piece of many seniors' retirement budgets. In an annual Gallup poll, 60% said Social Security is a major source of income, the highest level in over a

The Social Security program undergoes several important changes each year to keep benefits aligned with prices and wages, but the cost-of-living adjustment (COLA) is the most anticipated. COLAs are

It's too soon to determine what next year's Social Security COLA is going to amount to. That's because those COLAs are calculated based on third quarter inflation data. And since the third quarter

Social Security is vital to millions of Americans. Consider that "the bottom 40% of lifetime earners will receive over 80% of their retirement income through the program," per the Peter G. Peterson

Social Security is an essential lifeline for many retirees. About half of households with someone age 65 or older receive at least 50% of their income from the program, according to data collected

The halfway point of any year is a good time to reflect on how the year has gone so far and what you can do in the second half to better position yourself financially. One aspect of your finances

Social Security recipients get an annual cost-of-living adjustment (COLA) to protect the buying power of their benefits from inflation. However, more than two-thirds of retirees surveyed by The

In 2023, seniors on Social Security saw their benefits rise by 8.7% as one of the most generous cost-of-living adjustments, or COLAs, arrived in the midst of soaring inflation. This year's COLA

At the start of 2024, seniors on Social Security saw their benefits rise 3.2%. This year's cost-of-living adjustment, or COLA, pales in comparison to the 8.7% COLA that Social Security recipients

In 2022, the U.S. was hammered by the fiercest inflation it had faced in four decades amid the lingering macroeconomic disruptions and supply chain issues that followed the COVID-19 pandemic. As a

Social Security is a vital source of income for the majority of retirees. About half of households with someone age 65 or older receive at least 50% of their income from Social Security, according

The Social Security cost-of-living adjustment (COLA) is designed to help retirees keep up with rising costs due to inflation. Unfortunately, that doesn't always work out, and 2024 is shaping up to

We're still a few months away from the 2025 Social Security cost-of-living adjustment (COLA) announcement, but the latest projections put it at a disappointing 2.6%. That would add about $50 to the

The 3.2% 2024 Social Security cost-of-living adjustment (COLA) raised the average benefit by $59 per month. But that was little comfort to seniors, many of whom reported their expenses rising by

Most years, retirees get a Social Security cost-of-living adjustment (COLA). This increases the amount of their monthly benefit. In January of this year, the Senior Citizens League (TSCL) projected

Social Security retirees are in line for a raise in 2025. But just how much more will the average retiree get when their new checks start coming in January of next year? Here's what you need to

Social Security payments get an annual cost-of-living adjustment (COLA) to protect the buying power of benefits from inflation. COLAs depend on how the CPI-W (a subset of the Consumer Price Index)

Social Security income is protected from inflation by annual cost-of-living adjustments (COLAs). Benefits got an 8.7% COLA last year and a 3.2% COLA this year, both above the 10-year average of

Social Security benefits got a 3.2% cost-of-living adjustment (COLA) in 2024, a smaller raise than the historic 8.7% COLA doled out in 2023. Unfortunately, retired workers are on pace to get an even

In most years, Social Security recipients get a cost-of-living adjustment (COLA) to help protect their buying power. Prices of goods and services go up over time, and if benefits didn't, seniors

Brisk inflation on the tail end of the pandemic led to a historic 8.7% cost-of-living adjustment (COLA) for Social Security benefits in 2023. Retired workers hadn't received a pay raise that large

Social Security recipients get annual cost-of-living adjustments (COLAs) to help protect the buying power of benefits from inflation. Fallout from the pandemic led to particularly high inflation in

Millions of seniors today rely on the monthly benefits they get from Social Security to stay afloat financially. And each year, Social Security recipients eagerly await news of an upcoming

We're still nearly seven months away from finding out how big is the raise Social Security beneficiaries will receive next year. However, it's not too soon to begin thinking about it.

The Senior

After the market closed Wednesday, Snowflake (NYSE: SNOW) published results for the fourth quarter of fiscal 2024 (ended Jan. 31). While the company posted sales and earnings results that came in