About 72.5 million people, including retirees, disabled people and children, get Social Security benefit.
ByMillions of Social Security recipients will get a 2.5% cost-of-living increase to their monthly checks beginning in January, the Social Security Administration announced Thursday.recipients will get a 2.5% cost-of-living increase to their monthly checks beginning in January, the Social Security Administration announced Thursday.
Sherri Myers, an 82-year-old retiree from Pensacola City, Florida, is now hoping to get an hourly job at Walmart to help make ends meet. He said policies advanced by the Biden-Harris administration should result in many people seeing lower prescription drug costs. The announcement comes as the national social insurance plan faces a severe financial shortfall in the coming years.
The presidential candidates, Democrat Kamala Harris and Republican Donald Trump, have presented dueling plans on how they would strengthen Social Security.
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