For millions of veterans across the United States, disability compensation plays a crucial role in their financial stability. Every year, the Department of Veterans Affairs (VA) provides an adjustment to VA disability compensation payments based on the Cost-of-Living Adjustment (COLA), which is determined by the Social Security Administration (SSA). These adjustments ensure that veterans’ benefits … Read more
In recent weeks, social platforms and online forums have been flooded with claims that the U.S. government will deposit $4,983 into citizens’ bank accounts this October. The idea of a large one-time “bonus payment” quickly gained traction among retirees, veterans, and low-income households already dealing with high living costs. However, there is no special or … Read more
The Social Security Administration (SSA) has officially announced that the 2026 Cost-of-Living Adjustment (COLA) will be 2.8 percent, ensuring that monthly benefits rise in step with inflation.Starting January 1, 2026, this increase will lift the average retired worker’s check from $2,008 to $2,062, adding roughly $648 per year to the household budgets of over 71 … Read more
For millions of low-income seniors, people with disabilities, and blind individuals, Supplemental Security Income (SSI) is a financial lifeline. This October, many SSI recipients will see two payments deposited into their bank accounts — leading to widespread confusion online about whether this is a “bonus” or “special” payout. It’s not. The Social Security Administration (SSA) … Read more
Headlines have spread rapidly across the internet, fueling public hope that another government relief payment may be on the way. In a time when inflation, rent, and grocery prices continue to strain household budgets, such claims gain traction almost instantly. However, like most viral money rumors, the story is rooted in partial truth — a … Read more
In recent weeks, viral social media posts have sparked confusion across the United States, claiming that the Internal Revenue Service (IRS) has started sending out $2,000 tariff rebate checks to American citizens.These claims exploded after President Donald Trump mentioned in an interview that he was “looking at something” related to $1,000–$2,000 payments funded by tariff … Read more
The Social Security Administration (SSA) is preparing to announce the 2026 Cost-of-Living Adjustment (COLA)—a key update that affects over 75 million Americans receiving retirement, disability, or Supplemental Security Income (SSI) benefits. Preliminary estimates from the Senior Citizens League (TSCL) project a 2.7% increase, slightly above the 2.5% raise seen in 2025. If confirmed, this adjustment … Read more
The Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) programs offer crucial financial support to Americans who can no longer work due to disabilities. However, the application process can be lengthy and stressful, leaving many applicants without income as they await a decision. For those with severe and life-threatening conditions, the Compassionate Allowances … Read more
The Trump administration’s proposed changes to Social Security Disability Insurance (SSDI) could have significant implications for those relying on this critical program. The One Big Beautiful Bill Act (OBBBA), currently under development, seeks to tighten SSDI eligibility, potentially reducing the number of approved applicants by as much as 20 percent. The proposal targets older applicants, … Read more
This October brings an unusual event for millions of Americans who depend on Supplemental Security Income (SSI) — two payments in one month. Many recipients will see a second deposit on October 31, 2025, just weeks after their regular payment on October 1. While it may look like a surprise boost, the Social Security Administration … Read more