Are we getting another cost of living payment in 2023?

Yes, in 2023 the UK government made further Cost of Living Payments to those on certain benefits, with two payments of £300 and £301 occurring in the 2023/24 financial year, in addition to the large 8.7% Social Security COLA in the US, but there are no new separate general Cost of Living Payments planned for 2023/24 beyond those, with focus shifting to inflation reduction and the Household Support Fund.

Why will some Social Security recipients get two checks in December?

Some Social Security recipients, specifically those receiving Supplemental Security Income (SSI), got two checks in December 2025 because January 1st, New Year's Day, is a federal holiday, causing the January 2026 payment to be moved up to December 31st, resulting in December's payment (Dec 1st) and January's payment (Dec 31st) both landing in December. This is a standard Social Security Administration (SSA) practice for SSI payments, not a bonus, ensuring funds are available before holidays or weekends. 

How much has the cost-of-living increased from 2023 to 2024?

The cost of living increase from 2023 to 2024 saw inflation cool significantly, with the Social Security Cost-of-Living Adjustment (COLA) for 2024 being 3.2%, much lower than the 8.7% in 2023 but still higher than pre-pandemic rates, while the overall CPI showed around 3% increases for mid-2024, indicating a gradual return to more normal price growth after recent high inflation, notes this BLS article and this AARP article. 

Has the 2026 cola been announced?

Cost-of-Living Adjustment (COLA) Information for 2026

The 2.8 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 71 million Social Security beneficiaries in January 2026. Increased payments to nearly 7.5 million SSI recipients will begin on December 31, 2025.

Will Supplemental Security Income checks for November be disbursed on October 31?

This is because November starts on a Saturday. Should the first day of any month land on a weekend or a holiday, the Social Security Administration will send out that month's payment on the prior business day. In the case of November, SSI payments will be sent out on Friday, October 31.

DWP Confirms £500 Cost of Living Payment – Full Details for January 2026 !

Why did I get extra money from Social Security this month, October 2025?

You likely received an extra Social Security payment in October 2025 because it was a Supplemental Security Income (SSI) payment for November, paid early due to the calendar, or potentially a Cost-of-Living Adjustment (COLA) for the 2026 increase, though the COLA generally starts in January 2026, with notices in late 2025. SSI recipients often get two payments in a month if the first of the next month falls on a weekend or holiday, with November's payment arriving in late October. 

Who qualifies for an extra $144 added to their Social Security?

You qualify for an extra ~$144 on your Social Security check if you have a Medicare Advantage (Part C) plan with a "Part B Giveback" benefit, which refunds some or all of your Medicare Part B premium, appearing as extra cash in your check, but eligibility depends on living in the plan's service area and paying your own Part B premiums. The "144" figure was common when the Part B premium was around that amount, but the actual refund varies by plan and location, potentially exceeding the full premium. 

Are seniors getting a raise in 2025?

Nearly 71 million Social Security beneficiaries will see a 2.8 percent COLA beginning in January 2026. Increased payments to nearly 7.5 million people receiving SSI will begin on December 31, 2025. (Note: Some people receive both Social Security benefits and SSI).

Why did I get an extra Social Security check this month?

You likely received an extra Social Security payment due to a calendar quirk (two SSI checks in one month because the first fell on a weekend/holiday), a retroactive payment for past underpayments (like due to WEP/GPO changes), a cost-of-living adjustment (COLA) adjustment, or correcting a previous error, but you must contact the Social Security Administration (SSA) to know for sure, as it could also be an overpayment notice in disguise. Check for official SSA letters and your online account for explanations, as reporting changes (income, living situation) or processing delays are common reasons for adjustments. 

When can I expect a raise in my Social Security check?

Social Security recipients received their latest raise, a 2.8% Cost-of-Living Adjustment (COLA), starting with January 2026 payments, which began arriving in late December 2025 and January 2026, increasing average benefits by about $56 monthly after factoring in higher Medicare premiums. The annual COLA is announced in October by the Social Security Administration (SSA) and takes effect the following January, with the next increase for 2027 to be announced in October 2026. 

Is there going to be a cost-of-living adjustment in 2025?

The 2025 cost-of-living adjustment (COLA) for eligible retirees, beneficiaries, and other payees with a retirement date of April 1, 2025 or earlier will be reflected in retirement benefit payments on April 30, 2025: Safety retirees and General Tier 1* retirees: 3.0%

How much is $1 in 1963 worth today?

A single U.S. dollar from 1963 has the equivalent buying power of approximately $10.59 today (early 2026), meaning prices are about 10.59 times higher, due to an average 3.82% annual inflation rate over the 63 years, significantly reducing its purchasing power. 

What is the CPI for December 2023?

The most recent CPI release as of December 2023 reports year-over-year inflation at 3.3 percent. Month-over-month, prices increased 0.3 percent. Since January 2021, prices have increased 17.6 percent.

Why are Americans getting a $4800 check today?

Americans are set to receive a Social Security check worth up to $4,800 today, but not all seniors are happy about the increase in monthly payments. Social Security benefits grew by 3.2 percent this year, in accordance with this year's calculated cost of living adjustment (COLA).

Who is getting two Social Security checks?

People who receive Supplemental Security Income (SSI) sometimes get two checks in one month because payments due on weekends or holidays are sent early, leading to a "double month" with the next month's payment arriving ahead of time, like in December for January, or a "skipped month" with September's payment arriving in August. Some people get three payments in a month if they receive both SSI and traditional Social Security (SSDI), as their SSDI date might also fall in that early deposit month. 

Why did I receive a random deposit from Social Security?

Unexpected Social Security deposits may result from cost-of-living adjustments or retroactive payments. Verify recent communications from the SSA and review your benefit statement online. If unsure, contact the Social Security Administration directly to confirm the deposit's legitimacy.

Is there any extra money coming from Social Security?

Yes, Social Security benefits are increasing for 2026 due to a 2.8% Cost-of-Living Adjustment (COLA), meaning most beneficiaries will see higher monthly payments starting in January 2026, with the average retired worker getting about $56 more per month; this adjustment also applies to SSI recipients and disability benefits. 

Why did I just get a deposit from SSA Treas 310 2025?

2025 Updates and New IRS Features

Additionally, while previous tax refunds sometimes included stimulus payments related to pandemic relief, these payments have been phased out in 2025. Therefore, if you see a deposit labeled “IRS Treas 310” today, it is almost certainly solely from your tax refund.

Who would qualify for $200 Social Security increase?

A $200 Social Security increase isn't official but is part of proposed legislation, the "Social Security Emergency Inflation Relief Act," which would give an extra $200 monthly from Jan-July 2026 to Social Security/SSI/Railroad retirees, disabled vets, and pension recipients, aiming to offset inflation, though it's not passed yet. Eligibility under this proposal covers all Title II Social Security beneficiaries (retirees, survivors, SSDI), Supplemental Security Income (SSI) recipients, Railroad Retirement beneficiaries, and Veterans receiving disability or pension benefits. 

Are seniors getting an increase in 2025?

Based on changes in the Consumer Price Index (CPI), OAS benefits will increase by 0.3% for the January to March 2026 quarter, for an increase of 2.0% over the past year, from January 2025 to January 2026.

What is the highest Social Security check anyone can get?

The maximum Social Security benefit varies by retirement age, with the highest possible monthly amount in 2026 being around $5,181 if you wait until age 70, while claiming at Full Retirement Age (FRA) yields about $4,152, and claiming at age 62 results in approximately $2,969. To get the maximum, you must have earned the taxable maximum for at least 35 years, had significant earnings above the annual wage base ($184,500 in 2026), and delayed claiming benefits past your FRA. 

Will seniors get a cola increase in 2026?

When the increase takes effect: The increase will begin with benefits that Social Security beneficiaries receive in January 2026. Increased SSI payments will begin with the December 31, 2025 payment. When your notice will arrive in the mail: We mail COLA notices throughout the entire month of December.

How to get $3000 a month in Social Security?

To get $3,000 a month from Social Security, you generally need a high lifetime income, averaging around $9,000+ monthly over your best 35 years, and ideally wait until at least your full retirement age (FRA), or even age 70, for maximum benefits, as claiming early reduces payments significantly; increasing high-earning years by working longer or in higher-paying jobs are the main strategies to reach this goal. 

Does everyone pay $170 for Medicare Part B?

Costs for Part B (Medical Insurance)

$185 each month ($202.90 in 2026) (or higher depending on your income). The amount can change each year. You'll pay the premium each month, even if you don't get any Part B-covered services.

What to do when Social Security is not enough to live on?

When Social Security isn't enough, supplement your income by exploring other government programs like SSI, SNAP, and Medicaid, working part-time, using retirement savings (401k, IRA), considering annuities for guaranteed income, delaying benefits to increase payments, and seeking help from non-profits like the National Council on Aging (NCOA) BenefitsCheckUp tool.