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The current Social Security COLA projection for 2025 is 2.5%, according to the Senior Citizens League. TSCL updated its 2025 COLA prediction based on August's CPI-W data, which came in at 2.5%.
What would the 2025 Social Security COLA be using the R-CPI-E? Instead of a 2.5% increase, the COLA would be 3%. The average retired worker's monthly Social Security benefit in August 2024 was ...
In the meantime, Social Security recipients should embrace the CPI-W and prepare for what many would consider a lackluster 2025 COLA. The $ 22,924 Social Security bonus most retirees completely ...
Initial estimates are calling for a 2.5% Social Security COLA in 2025. That would make 2025's raise the smallest COLA to arrive in years and could put a lot of seniors in a tough financial spot.
Here's what Social Security's 2025 COLA means for your monthly benefit. Throughout the 2010s, beneficiaries had little to look forward to. This decade featured the only three years over the last ...
Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
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 ...
In mid-May, following fresh inflation data, the Senior Citizens League upped its 2025 Social Security COLA estimate ever so slightly to 2.66%. That's an improvement from 1.75%, but it may read as ...