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For instance, CPI-W inflation increased 2.5% in the third quarter last year, so Social Security payments increased 2.5% this year. That is the smallest COLA since 2021.
Social Security benefits received a 2.5% cost-of-living adjustment (COLA) in 2025, but for many retirees, this is not enough to keep up with rising prices. Their monthly checks don't go as far as ...
Next year's COLA may not go as far ... 2025: There's Bad News Coming for Retirees. Katie Brockman, The Motley Fool. July 23, 2024 at 5:30 AM. Millions of retirees depend on Social Security to make ...
Social Security has two other funding sources: benefit taxes on some seniors and interest income earned on money in the program's trust funds. But both of those are in danger right now. The ...
The good news is that Social Security isn't going away entirely. However, the average retiree could have their benefit slashed by nearly $4,000 per year within the decade if lawmakers can't find a ...
But the new law also comes with bad news for beneficiaries. The Social Security trust fund that pays benefits to retired workers, spouses, and survivors was already on pace to be depleted by 2033 ...
The Social Security Administration can't calculate the official 2025 COLA until the Labor Department publishes the Consumer Price Index data for September. That will happen on Thursday, Oct. 10 ...
1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January 2025. As of the latest data ...