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The COLA for 2025 will be 2.5%, which is a big step down from the increases received for the last three years. ... overall change in benefits since the end of 2020 would actually be slightly lower ...
This year's 2.5% COLA is the lowest since 2021, and it's substantially smaller than the 5.9% and 8.7% raises we saw in 2022 and 2023, respectively. For many retirees, then, this adjustment is a ...
The COLA for 2025 is the second straight year of more normal annual adjustments, following large increases seen in 2023 and 2022. The 2025 increase follows this year’s rise of 3.2 percent, which ...
Here's what Social Security's 2025 COLA means for your monthly benefit. ... Following a decade of mostly anemic COLAs, beneficiaries enjoyed raises of 5.9% in 2022, 8.7% in 2023, and 3.2% in 2024. ...
As you can see above, COLAs have cooled off since the elevated inflation of the late 1970s and early 1980s, meaning the 2.5% increase for 2025 is more or less in line with historical norms ...
The 2025 COLA increase is the smallest since 2021. ... Inflation has fallen sharply since hitting a 40-year peak in June 2022, but some senior citizens groups argue that Social Security's annual ...
In 2022, 2023, and 2024, benefit checks rose by 5.9%, 8.7%, and 3.2%, respectively. ... Social Security's 2025 COLA also presents a perilous scenario for most retirees.
At 2.5%, the 2025 COLA is below average and the lowest since the 1.3% COLA in 2021. The good news: The 2025 COLA could be lower. The could-be-better news: The 2025 COLA could also be higher.