The “2025 federal cost-of-living adjustment (COLA)” refers to the increase in benefits received by Social Security and Supplemental Security Income (SSI) beneficiaries in 2025 to keep pace with inflation. The COLA is calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) and is announced each October. The 2025 COLA is expected to… Read More »
The University of California (UC) system has announced a salary increase for its employees for the 2024-2025 fiscal year. The increase is part of the UC’s commitment to providing fair and competitive compensation to its employees. The salary increase will be applied to all UC employees, including faculty, staff, and postdoctoral scholars. The average salary increase will be… Read More »
The VA disability compensation rates are set by law and are adjusted each year based on the cost of living. The VA announced the 2025 cost-of-living adjustment (COLA) for VA disability compensation and other benefits on December 1, 2024. The 2025 COLA will be 8.7%, meaning that VA disability compensation rates will increase by 8.7% effective January 1,… Read More »
“Will house prices increase in 2025?” is a question on the minds of many homeowners, potential buyers, and investors. The answer is complex and depends on a variety of factors, including economic conditions, interest rates, and the supply and demand for housing. One of the most important factors that will affect house prices in 2025 is the overall… Read More »
When Will 2025 Social Security Increase Be Announced? The Social Security Administration (SSA) typically announces the cost-of-living adjustment (COLA) for the following year in October. For the 2025 increase, we can expect the SSA to make the announcement in October 2024. The COLA is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W),… Read More »
The Social Security Cost-of-Living Adjustment (COLA) for 2025 is a crucial economic measure that directly impacts the financial well-being of millions of Americans. It is an annual adjustment to Social Security benefits intended to keep pace with inflation and maintain the purchasing power of beneficiaries. The COLA increase for 2025 is highly anticipated, as it will determine the… Read More »
Medicare Increase for 2025 refers to the anticipated adjustment in Medicare Part B premiums and deductibles for the year 2025. Medicare Part B covers medically necessary services like doctor visits, outpatient care, and durable medical equipment. The annual increase aims to keep pace with rising healthcare costs and ensure the sustainability of the Medicare program. The exact amount… Read More »
Social Security Disability Insurance (SSDI) provides financial assistance to individuals who are unable to work due to a disability. The program is funded by payroll taxes, and the amount of benefits that an individual receives is based on their earnings history. In 2023, the average monthly benefit for SSDI recipients was $1,543. The cost of living has been… Read More »
Social Security benefits are a crucial source of income for millions of Americans, and the question of whether they will increase in 2025 is of great importance. The Social Security Administration (SSA) has announced that benefits will be adjusted based on the cost-of-living adjustment (COLA) for 2025, which measures the change in inflation as determined by the Consumer… Read More »
The 2025 Federal Employees Retirement System (FERS) cost-of-living adjustment (COLA) is a scheduled increase in FERS annuity payments that will take effect in January 2025. The COLA is intended to help FERS retirees keep pace with inflation and maintain their standard of living. The 2025 FERS COLA will be based on the increase in the Consumer Price Index… Read More »