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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.
Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment . The 2025 COLA of 2.5% was announced in October and goes into effect in January.
Social Security recipients could get an additional $2,400 a year in benefits if a new bill recently introduced to Congress wins approval -- something seniors would no doubt welcome as surging...
The Social Security Administration has announced of a 2.5% cost-of-living adjustment (COLA) for 2025 -- that's lower than the 3.2% increase in 2024 and 8.7% increase in 2023. The smaller COLA ...
In 2024, for example, seniors saw their Social Security checks increase by 3.2%, and the year prior, they saw a whopping 8.7% increase. In 2022, their checks also went up by a significant amount ...
Some federal, state, local and education government employees pay no Social Security tax but have their own retirement and disability systems that nearly always pay better retirement and disability benefits than the SSA. These plans typically require vesting (working 5–10 years for the same employer before becoming eligible for retirement ...
Seniors awaiting bigger Social Security checks next year may be shocked to discover higher ... which most people must pay before their Medicare coverage begins, will rise by $17, or 7%, to $257 ...
In 2023, seniors on Social Security saw their benefits rise by 8.7% as one of the most generous cost-of-living adjustments, or COLAs, arrived in the midst of soaring inflation.
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