Social Security deductions are one of those topics that don’t really come up until two things happen: 1) our loved ones reach the retirement age where they can apply for benefits, or 2) we grumble about the chunk of money taken out of our (bi)weekly paychecks. With a presidential election happening now, the topic of Social Security and Supplemental Security Income (SSI) has come up more often than not. Specifically, Millennials and Gen Zers are being told that only 75% of the benefits will be covered by 2035, and younger voters want to know how either candidate plans to fix this. For those who are already receiving these benefits, there’s a new discussion on the table: the 2025 Social Security COLA increase. SSI benefits for more than 72.5 million Americans will increase 2.5% next year. The cost-of-living adjustment (COLA) increase will cover benefits payable to nearly 68 million SSI beneficiaries in January 2025. Additionally, increased payments to nearly 7.5 million SSI recipients...