Tens of millions of older Americans will see an increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments.
Social security checks will go up by 2.5% per month, which translates to just about $50 for the average recipient.
New Yorkers will see the smallest rise in their Social Security cost-of-living adjustment (COLA) since 2021 next year.
According to recent news, the Social Security Administration announced on Thursday that retirees in the United States will ...