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There won't be a situation where Social Security reduces monthly benefits because of a drop in the CPI-W. How the new COLA can affect your retirement plan in 2025.
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 ...
While I think the 2025 Social Security COLA will be higher than current estimates, I don't expect it to be much higher. My guess is that retirees could be looking at a Social Security benefits ...
These factors partly explain why average Social Security payments this year reflect a different increase than you might expect from the 3.2% COLA. In May 2024, the average retirement benefit was ...
Source: Social Security Administration. Table by author. In 2024, the adjustment was 3.2%. So, for example, if you're collecting $2,000 per month in Social Security benefits, you would have ...
The Social Security Administration (SSA) recently announced that beneficiaries will get a 2.5% cost-of-living adjustment (COLA) in 2025. The new adjustment will boost the average retirement check ...
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