In just a few weeks, the Bureau of Labor Statistics (BLS) will release the official Cost of Living Adjustment (COLA) for 2025, a critical update for those receiving retirement, survivor, disability, or Supplemental Security Income (SSI) benefits. On October 10, 2024, the official COLA increase for the following year will be confirmed, marking an important … Read more
Social Security payments are expected to see an increase next year, though the exact percentage will only be confirmed later this fall. Since 1975, monthly benefits have included a cost-of-living adjustment (COLA), designed to help maintain purchasing power by adjusting payments according to inflation. However, the annual increase is not guaranteed and varies based on … Read more
In response to rising inflation rates and changing economic conditions, the Social Security Administration has announced significant updates to the Supplemental Nutrition Assistance Program (SNAP) for 2024. These changes are designed to enhance the support provided to eligible citizens, ensuring that they can manage their daily expenses more effectively. Overview of SNAP Payment Changes 2024 … Read more
The Canada Child Benefit (CCB) distribution has recently faced challenges due to a global IT outage. While the Canada Revenue Agency (CRA) has assured the public that its systems remain operational, the outage has impacted banking operations, leading to potential delays in payment processing for CCB recipients. This issue highlights the interconnected nature of modern … Read more