All articles tagged with #social security checks
The Social Security Administration has released the payment dates for Social Security checks in December 2023. SSI beneficiaries will receive their payment on December 29, which will reflect the increased rate based on the cost of living adjustment. Other beneficiaries will receive their payments on December 1, 13, 20, 27, depending on their date of birth or when they started receiving payments before May 1997.
Seniors will receive a 3.2% increase in their monthly Social Security checks starting in December 2024. However, many retirees, like Suzanne Mencer, find that the boost is still not enough to cover their expenses, leading them to continue working. With inflation outpacing the historical increase, retirees face challenges in making ends meet. The increase in the cost-of-living adjustment may not fully cover rising expenses, prompting some seniors to seek additional sources of income.