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Traditional Social Security payments follow a fixed monthly schedule based on a beneficiary’s birth date. However, Supplemental Security Income, or SSI, follows a separate timetable and can shift when the first day of a month falls on a weekend or federal holiday. That calendar adjustment will affect payments in July and August 2026. SSI benefits are normally issued on the first … Read more
Millions of Americans are scheduled to receive Social Security payments this week, with some eligible beneficiaries qualifying for monthly checks of up to $5,181. The exact amount depends on factors such as a person’s lifetime earnings record and the age at which they began claiming benefits. The Social Security Administration distributes retirement, disability and survivor benefits on a staggered payment … Read more
No matter what retirement looks like for you, Social Security is likely to play an important role in your financial plans. For retirees who depend heavily on monthly benefits, the upcoming cost-of-living adjustment, or COLA, is one of the most anticipated updates each year. Social Security COLAs are calculated using inflation data from the third quarter. Because of that, … Read more
Millions of Americans could receive an additional $200 per month in benefits under a new proposal introduced in Congress. The measure, known as the Social Security Emergency Inflation Relief Act, is designed to help retirees and other beneficiaries manage rising living costs, especially those who depend heavily on Social Security as their main source of income. Why Lawmakers … Read more
The July 2026 Supplemental Security Income payments, worth up to $994, are expected to be sent to eligible recipients in seven days. SSI payments are generally issued on the first day of each month. The program is designed to help people with limited income and resources who are blind, age 65 or older, or have a qualifying disability. How … Read more
Millions of Americans who collect Social Security while continuing to work could receive larger immediate payments under a new proposal introduced by Republican lawmakers. Senator Rick Scott of Florida and Representative Greg Murphy of North Carolina introduced the Senior Citizens’ Freedom to Work Act of 2026 in April. The legislation would repeal the Social Security Retirement Earnings … Read more
Social Security’s financial challenges are commonly linked to an aging population, declining birth rates and a shrinking ratio of workers to retirees. However, growing income inequality may also be placing considerable pressure on the program. An increasing share of national earnings now goes to higher-income workers whose wages exceed the Social Security payroll tax limit. … Read more
Social Security recipients could receive a much larger cost-of-living adjustment in 2027 as elevated inflation drives benefit forecasts higher. Independent Social Security analyst Mary Johnson currently projects a 4.7 percent COLA for 2027. If that estimate proves accurate, it would reportedly rank as the fourth-highest adjustment awarded to retirees in 36 years. However, the final … Read more
Social Security is facing growing financial pressure as the program now spends more on benefits than it collects in payroll taxes. For many years, Social Security brought in more money than it paid out. That extra money was saved in reserves and invested in U.S. Treasury bonds. Those reserves are now being used to help … Read more
Millions of Social Security recipients who use Direct Express prepaid debit cards will receive new cards as the federal government moves the program to a new banking partner. The change affects about 3.6 million beneficiaries who receive Social Security, Supplemental Security Income and certain other federal benefit payments through Direct Express cards. People who already … Read more