Some Americans will receive two Social Security payments in November due to a quirk in the system that results in a second monthly payment on rare occasions. Typically, the Social Security Administration (SSA) sends out one payment each week, delivering Social Security checks on the second, third and fourth Wednesdays of each month. The Social Security COLA for 2025 will be 2.5%, which is the smallest since 2021. "Inflation took a financial toll this past year, particularly on retirees, who often rely on Social Security as a key source of income. Even with this adjustment, we know many older Americans who rely on Social Security may find it hard to pay their bills."

Source: Fox News October 22, 2024 03:22 UTC