According to The Motley Fool, Today’s wealthiest Social Security beneficiaries enjoy a substantial monthly payment of $4,873, which totals over $58,000 annually. With the anticipated cost-of-living adjustment (COLA) for 2025, these seniors will see their benefits increase further starting in January. Understanding Cost-of-Living Adjustments COLAs are calculated as percentages, meaning that everyone’s checks will rise…
According to The Sun, General Motors (GM) car owners may have the opportunity to receive a payment of up to $12,700 as part of a $35 million settlement related to claims about faulty diesel engines in certain Chevrolet and GMC trucks. Lawsuit Overview The lawsuit was filed against GM, alleging that 2011-2016 Chevrolet Silverado and…
According to The Sun, Consumers who purchased Clif Bars within the last decade may be eligible to receive a portion of a $12 million settlement resulting from a class action lawsuit against Clif Bar & Company. The Lawsuit Details The lawsuit alleged that Clif Bar misled consumers by promoting its protein bars as “nutrition for…
According to The Sun, Dozens of Americans are set to receive one-time payments exceeding $3,000 as part of a $5.1 million settlement regarding privacy violations by Magid Gloves. Settlement Details The settlement addresses claims that Magid Gloves violated Illinois laws by using fingerprint time clocks and temperature scanners without proper disclosures about collecting biometric information….
According to Vibes.okdiario, Over 71 million Americans receive Social Security payments, which are distributed monthly to cover retirement, disability, Supplemental Security Income (SSI), survivor, and spousal benefits in the United States. These benefits, however, tend to lose purchasing power over time. To mitigate this loss, the Social Security Administration adjusts payments through cost-of-living adjustments (COLAs)….
According to CNBC, To keep pace with inflation, the Social Security Administration (SSA) adjusts the benefits amount beneficiaries receive each year. The cost-of-living adjustment (COLA) for 2025 will be announced on October 10, 2024. In 2024, Social Security benefits increased by 3.2%. However, as inflation has cooled, analysts are predicting a smaller adjustment for the…
According to Lagradaonline, Some beneficiaries of the Supplemental Security Income (SSI) program are poised to receive an increase in their SSI checks due to a backlog in benefit payments. As many individuals live paycheck to paycheck, the Social Security Administration (SSA) has announced significant increases in Supplemental Security Income benefits. This program is designed to…
According to Lagradaonline, As the new cost-of-living adjustment (COLA) approaches, recipients of Social Security checks, particularly retirees, may be met with disappointing news. The Federal Reserve has indicated that further cuts to these essential payments may occur in the coming years, leaving pensioners with minimal increases in their Social Security income. With inflation now under…
According to News Week, A gluten-free cake product has been recalled by the U.S. Food and Drug Administration (FDA) after it was found to contain undeclared wheat and nuts. The “Mini Raspberry Lemon Coffee Cake,” produced by Macrina Bakery in Kent, Washington, was recalled due to labeling errors. Details of the Recall The bakery voluntarily…
According to News Week, In September, nearly a dozen food products were recalled, reflecting a growing trend in the frequency of food recalls. Most of the recalls were attributed to undeclared allergens in items ranging from premade desserts to milk products. A few products were recalled due to foodborne illnesses, but none matched the severity…