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The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. That's well under the 3.2% retirees got last year and far less than what many were hoping for. The high inflation ...
Several Social Security changes set to take effect in January 2025 may surprise retirees. ... concerning the 2024 COLA, but it should be updated at some point on Oct. 10 to reflect the 2025 COLA ...
The Social Security COLA is 3.2% in 2024. Official COLA data for 2025 won't be released until October, but early estimates predict it will be around 2.6%, according to The Senior Citizens League ...
Here’s a snapshot of what’s ahead for retirees in 2024. ... to the more than 70 million retired senior citizens and disabled workers, but it may not be enough to assuage retirees' ongoing ...
Every year, there's a maximum benefit, and for 2024, it's $3,822 per month ($45,864 for the year) -- for those who claim benefits at their full retirement age. For 2025, it will be somewhat higher ...
In 2024, inflation wasn't nearly as rampant as it was in recent years. But it rose just enough to allow for a 2.5% COLA for 2025. That increase should boost the average monthly benefit by about $50.
Image source: Getty Images. How much more money will retirees get next year? The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year.
A COLA of 3.2% would raise the average monthly retiree benefit of $1,790 by $57.30, according to TSCL. That’s a huge drop from this year’s 8.7% COLA , which pushed the average monthly check up ...