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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.
With two months of data still pending, current estimates suggest a 2.57% COLA increase for 2025, which would add about $50 per month to benefits, according to the Detroit Free Press.
The COLA for 2025 is the second straight year of more normal annual adjustments, following large increases seen in 2023 and 2022. The 2025 increase follows this year’s rise of 3.2 percent, which ...
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% ...
Additionally, the maximum income covered by the CPP will increase by 14% by 2025 (projected by the Chief Actuary of Canada to be $79,400 in 2025, compared to the projected normal limit of $69,700 in the same year in the 28th Actuarial Report on the CPP [9]). The combination of the increased replacement rate and increased earnings limit will ...
The Centers for Medicare and Medicaid Services (CMS) announced that 2025 monthly Part B premiums will climb to $185, an increase of $10.30 from $174.70 in 2024.
A separate study from The Senior Citizens League found that two-thirds of seniors report their monthly costs increasing by 10% between 2022 and 2023. While the 2023 COLA was the highest in four ...
In contrast, the 2023 adjustment was a substantial 8.7% to account for high inflation in 2022. Here are some other things you should know about Social Security in 2025 .