Inflation is particularly noticeable for people on fixed incomes, like many who receive Social Security. To help offset this, Social Security applies a COLA. For 2025, the COLA will be 2.5%, and while I'm sure retirees appreciate any increase in benefits, many aren't jumping for joy at the amount.

This year's cost-of-living adjustment is only days away on October 10, 2024. That's when we'll see if the adjustment matches the latest 2025 Social Security COLA estimate of 2.5%. Discover how the Social Security COLA impacts retirees' purchasing power and its effect on Social Security benefits.

This double SSI check is due to Dec. 1 falling on a Sunday this year. Recipients, who usually receive their checks the first of the month, will get their November payment on Nov. 1, and their SSI payments for December will be distributed on Friday, Nov. 29, according to the SSA calendar.