Most Social Security Recipients Are Set to Get $2,071 Each Month with the 2026 Cost-of-Living Increase
Social Security Cost of Living Adjustment for 2026 The Social Security Administration has revealed that the cost of living adjustment (COLA) will rise by 2.8% in 2026. This increase translates to about $56 more each month for Social Security recipients, which means the average payout will be approximately $2,071 monthly, as reported by GOBankingRates. In […]
Tax obligations for Social Security recipients could be affected by new laws. Here’s what you need to know.
Upcoming Changes for Social Security Tax Statements Social Security recipients are set to receive statements that detail how much of their benefits for 2025 may be subject to federal taxes. This update comes with new legislative changes from Congress, making it important to keep an eye on these tax documents. The forms, known as SSA-1099 […]
Pension for Medal of Honor recipients to rise by four times.
Washington’s New Legislation for Medal of Honor Recipients WASHINGTON — This week, President Donald Trump signed a bill that will nearly quadruple the pensions of Medal of Honor recipients, the highest military honor in the United States. The legislation, after passing through the House in February and unanimously through the Senate last month, will raise […]
Certain Social Security recipients will receive two payments in December.
In December, some Social Security beneficiaries will see two checks due to a scheduling error that rolls payments into the next month. The Social Security Administration (SSA) usually processes Supplemental Security Income (SSI) payments on the first day of each month. This program serves to provide essential monthly payments to eligible seniors and individuals with […]
Trump approves ‘Medal of Honor Act’ that greatly increases pension benefits for recipients
Trump Signs Medal of Honor Act to Increase Pensions President Donald Trump has signed the Medal of Honor Act, instructing the Department of Veterans Affairs to boost the pensions of living Medal of Honor recipients. This legislation aims to ensure these honored veterans receive, you know, proper compensation after serving our country. According to the […]
Medicare Has Revealed Its 2026 Premiums, And It’s Unfortunate for Social Security Recipients with Dual Coverage
Recent Updates for Retirees Retirees have been facing a whirlwind recently, with the Social Security Administration revealing the cost of living adjustment (COLA) for 2026, alongside next year’s Medicare monthly premiums. The COLA for 2026 is notable; it marks something not seen since the late 1990s. Unfortunately, many Medicare recipients may find that rising Part […]
Benefit notices for Social Security recipients will be sent out soon for 2026. Here are the changes to expect in the coming year.
Upcoming Changes to Social Security Benefits in 2026 In 2026, around 75 million Americans are set to see a 2.8% cost-of-living adjustment in their Social Security and Supplemental Security Income benefits. This increase is projected to add about $56 to monthly payments, according to information from the Social Security Administration. But, a few other updates—like […]
Grocery stores informed by USDA: No exclusive discounts for SNAP recipients
The United States Department of Agriculture (USDA) emailed grocery stores, instructing them not to provide discounts to Supplemental Nutrition Assistance Program (SNAP) recipients during the ongoing government shutdown. This email came to light when MSNBC’s Katherine Rampel shared it on social media on Sunday. David Cutler, Vice President of the National Grocers Association (NGA), confirmed […]
Adams introduces joint efforts to assist SNAP recipients in NYC
With the ongoing government shutdown, around 1.8 million residents across New York City are set to face dwindling SNAP benefits. In response, a group of nonprofits and private sector organizations has joined forces to boost funding for the city’s food banks and pantries. The office of Mayor Eric Adams has shared that his administration is […]
Major food delivery services offering discounts to SNAP recipients amid ongoing government shutdown
Instacart Provides Discount for SNAP Recipients Instacart announced on Friday a 50% discount on grocery orders for customers using SNAP benefits, hoping to alleviate some financial pressure as food aid payments are set to be cut by the government. The discount will be available to those placing orders in October with SNAP or EBT cards, […]