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The latest inflation report was bad news for retired workers on Social Security CPI-W inflation gradually decelerated during the first three quarters of the year, cooling from 2.9% in January to 2 ...
The Senior Citizens League, a nonprofit advocacy group, estimates that disconnect has caused Social Security to lose 20% of its buying power since 2010. And the problem is likely to get worse next ...
The bad news I'm talking about in this case isn't related to the Social Security COLA. Retirees (and other Social Security beneficiaries) will indeed receive a 2.5% benefit increase.
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.
The Social Security Administration recently announced the cost-of-living adjustment (COLA) for 2025, and beneficiaries can expect a 2.5% raise (amounting to around $50 per month for the average ...
Social Security benefits will get a cost-of-living adjustment to account for inflation in 2025. Nationwide Retirement Institute reports that 66% of surveyed adults incorrectly agreed with this ...
Image source: Getty Images. The good news coming in 2025 1. The COLA is increasing. The first piece of good news is that beneficiaries will see a 2.5% bump in benefits beginning in January, thanks ...
Image source: Getty Images. 1. Social Security benefits are rising by 2.5%. Each year, Social Security benefits are eligible for an automatic cost-of-living adjustment, or COLA.