The Social Security Administration (SSA) is making big changes to payment schedules in 2025. This means more money for millions of people who get Social Security benefits. These changes will affect retirees, survivors, disabled people, and those who get Supplemental Security Income (SSI). It’s important for them to know about these changes so they can plan their money well for the coming year.
In January 2025, people will get more money because of a 2.5% Cost of Living Adjustment (COLA). This increase is to help them keep up with the rising costs of things like food, healthcare, and housing. It’s good because it means their money can still buy the same things even as prices go up.
The Social Security Administration gives out payments for Retirement, Survivors, and Disability Insurance (RSDI), and SSI. The payments will be given out in five rounds throughout January, depending on when they were born. This helps people plan their budget better and use the extra money wisely.
Vocabulary List:
- Administration /ədˌmɪn.ɪˈstreɪ.ʃən/ (noun): The management or organization of affairs.
- Adjustment /əˈdʒʌst.mənt/ (noun): A small alteration or movement made to achieve a desired fit or result.
- Retirees /rɪˈtɪə.riːz/ (noun): People who have stopped working after reaching a certain age or after leaving their job.
- Beneficiaries /ˌben.ɪˈfɪʃ.ier.iz/ (noun): Individuals who receive benefits from a particular program or system.
- Supplemental /ˌsʌp.lɪˈmen.təl/ (adjective): Added to something especially to make it complete or add to it.
- Sustainable /səˈsteɪ.nə.bəl/ (adjective): Capable of being maintained or continued without depleting resources.
How much do you know?
What year will the Social Security Administration make big changes to payment schedules?
Who will be affected by the changes in payment schedules in 2025?
What is the purpose of the 2.5% Cost of Living Adjustment in January 2025?
Which of the following is NOT mentioned as a rising cost that the COLA increase aims to address?
How many rounds will the payments be given out in January 2025?
What does the schedule of payments in five rounds throughout January depend on?
The changes to payment schedules in 2025 will only affect retirees.
The 2.5% Cost of Living Adjustment is intended to help people maintain their purchasing power.
The changes in payment schedules will have no impact on disabled individuals.
The extra money received in January 2025 should be used frivolously.
The payments for Retirement, Survivors, and Disability Insurance will all be distributed separately.
The new payment schedule aims to help people better manage their finances throughout the month.
The Social Security Administration is making big changes to payment schedules in .
The Cost of Living Adjustment in January 2025 is %.
The payments will be given out in rounds throughout January.
The changes in payment schedules are important for helping people plan their well for the coming year.
The purpose of the COLA increase is to help individuals keep up with rising costs of things like , healthcare, and housing.
The payments will be distributed based on individuals’ throughout January.