Recent projections regarding the cost-of-living adjustment (COLA) for 2025 have generated significant interest, particularly among those who depend on Social Security benefits. The Bureau of Labor Statistics will soon announce the official COLA increase, which will impact not just retiree payments but also benefits for survivors, disabled individuals, and participants in the Supplemental Security Income…
Recent projections for the cost-of-living adjustment (COLA) for 2025 have been released, highlighting that this increase will affect not only retirement benefits but also payment levels for survivors, Social Security Disability Insurance (SSDI) recipients, and Supplemental Security Income (SSI) beneficiaries. Given that the COLA directly influences future payment amounts for these groups, it’s crucial for…
Approximately 70.6 million Social Security recipients are poised to experience a smaller cost-of-living adjustment (COLA) in 2025 compared to previous years, attributed to a recent moderation in inflation. Analysts anticipate that the Social Security Administration will officially announce a 2.5% increase in benefits for 2025, a decline from the 3.2% COLA in 2024 and a…
The automobile industry has faced significant financial challenges over the past year, with multiple companies filing for bankruptcy. Major Bankruptcies in the Auto Industry The most notable bankruptcy occurred on June 18 when Fisker Group, an electric vehicle manufacturer, filed for Chapter 11 protection, opting to cease operations and liquidate its assets. Several auto parts…
The Social Security Administration has announced its annual cost-of-living adjustment (COLA) for 2025, confirming that recipients will see an increase of 2.5%. This adjustment reflects predictions made throughout the year and is lower than the 3.2% increase granted in 2024. Details of the COLA The Senior Citizens League, a nonpartisan advocacy group, had forecasted a…
Three major grocery retailers—Safeway, Albertsons, and Vons—have agreed to a nearly $4 million settlement following a civil law enforcement complaint alleging false advertising and unfair competition. The lawsuit, initiated by California’s Sonoma County District Attorney’s Office, accused the retailers of charging customers higher prices than those advertised at their California locations. Allegations and Findings The…
Users of Cash App, a widely used online payment service with approximately 56 million transacting users, can claim over $2,500 following a major data breach settlement. This settlement totals $15 million and stems from allegations of security breaches and mishandling of customer complaints by Cash App and its parent company, Block (formerly known as Square)….
Thousands of Americans may be eligible for payments exceeding $7,000 due to a recent multi-million dollar settlement stemming from a data breach involving See Tickets, a ticketing service that sells around 20 million tickets annually. The company reportedly failed to safeguard consumer information during a cyberattack in September 2023, resulting in the theft of payment…
Cleveland police have issued an Amber Alert for three-month-old Chyla Smiley, who was allegedly abducted by a man believed to be her father, Jackeel Kemorian La Priest Taylor, 28. The incident occurred at 1892 Mannering Road on Thursday, just before 5:30 p.m. According to police reports, Taylor attacked Chyla’s grandmother before taking the infant. The…
Cleveland police and the U.S. Marshals Service have provided a new update on the case of missing Cleveland teenager Keshaun Williams, who was last seen on June 17, 2023. Investigators believe he was attending a house party on Gertrude Avenue before he disappeared, and an Amber Alert remains active in his case. At a recent…