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The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year. That amounts to around $49 more in monthly benefits for the average retiree.
A 2.5 percent increase would raise the average Social Security payment for retired workers from $1,920.48 (as of August 2024) to $1,968.49 in 2025, an increase of $48.01. You’ll notice the COLA ...
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 ...
The average Social Security check is $1,783.55 as of September 2024, according to data from the Social Security Administration. Individual benefits vary and could be more or less than the average ...
How the 2025 COLA compares to recent adjustments. As of August 2024, the average Social Security recipient received a monthly benefit of $1,783.55.But the average retired worker did a bit better ...
Compared to the 3.2% COLA Social Security recipients got at the start of 2024, a 2.57% raise reads like a big disappointment. But there's another side to the story. A smaller COLA is a big ...
Image source: Getty Images. Retirees at age 70 will get the largest nominal-dollar COLAs in 2025. The average Social Security benefit for retired workers was $1,920 in September 2024. That figure ...
If grocery, gas, and other prices aren't rising as rapidly as they once were, Social Security benefits are apt to go further. For this reason, a 2.5% COLA isn't necessarily bad news. Sit tight ...