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So the 2.5% COLA seniors got this month was calculated based on inflation from July through September of 2024. The Social Security Administration made its official 2025 COLA announcement in October.
Here's the big picture: While the 2.5% COLA in 2025 is the smallest increase in Social Security benefits in four years -- 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022 -- that means prices across ...
It's official: Social Security benefits will receive a 2.5% cost-of-living adjustment (COLA) in 2025, the smallest percent increase in payments since 2021. That means the average retired worker ...
COLA over the last decade: 2025 to 2024. COLA has varied widely over the past 10 years. The lowest COLA in that timeframe was in 2016 at 0.0%, and the highest was in 2023, when COLA was a whopping ...
In the early morning hours of Oct. 10, the SSA lifted the hood on the 2025 COLA, which offers something of a good news/bad news scenario for Social Security recipients in the upcoming year.
For example, if the COLA comes in at 2.5% and you're currently receiving $2,000 per month, you'd add another 2.5%, or $50 per month, to your checks in 2025. 2. December 2024: Beneficiaries receive ...
The 2025 COLA is expected to be 2.5%. The latest projection from The Senior Citizens League puts the COLA estimate around 2.5%. This is below the 3.2% hike recipients got this year and reflects ...
Next year's COLA is shaping up to be much lower. Based on the most recent inflation data available, the nonpartisan Senior Citizens League projects that 2025's Social Security COLA will be 2.63% ...