Social Security Announces New Cost-of-Living Adjustment (COLA) Checks – What You Need to Know- sitd!
The Social Security Administration (SSA) has officially finalized the Cost-of-Living Adjustment (COLA) for the upcoming year, a critical financial mechanism specifically designed to provide essential support to recipients navigating the persistent challenges of rising inflation and the increasing costs of basic living expenses. This annual adjustment, which is statutorily mandated to protect the purchasing power of benefits, is set to impact over 70 million Americans, primarily seniors, disabled individuals, and survivors who rely on Social Security and Supplemental Security Income…