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The jump in the 2025 Medicare Part B premium outpaces both inflation and the Social Security cost-of-living adjustment (COLA). Annual inflation rose 3.2% in October and COLA for 2025 will be 2.5% ...
You have until Dec. 7 to switch your Medicare drug coverage. If paying $10.30 more per month for Medicare Part B has the potential to cause you to fall behind on bills, it may be time to reassess ...
Yearly inflation climbed 2.4% in September, while the Social Security COLA for next year will be 2.5%, or an average of $50 more per household. What do higher-income Medicare enrollees pay?
The 2024 COLA represents a steep drop from this year’s 8.7% increase which was the highest in more than four decades, but is still well above the 2.6% average over the past 20 years.
New COLA. This year’s 3.2% cost-of-living adjustment pushed the average Social Security retirement check to $1,864.52 a month as of March 2024, according to the Social Security Administration ...
3. Maximum Social Security benefit also set to increase. The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This ...
Unfortunately, 2025's Social Security COLA isn't exactly going to be a record-breaker. As a result of cooling inflation, benefits will only be rising by 2.5% in the new year.
In fact, next year's 2.5% bump is higher than the 2010's average COLA of 1.4%, and is similar to the average since 1983 (after the soaring inflation of the preceding decade). What it means for ...