Social Security Administration denies $600 increase rumor for June, confirms 2025 benefit increase.
Rumors of a $600 Social Security payment increase for June proved false, according to the Social Security Administration. While retirees have faced declining buying power, there will be an actual benefit increase in 2025. The SSA added a header to its website to clarify the situation and explain COLA calculation and administration. The sources of the rumors remain unidentified.
June 15, 2024
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