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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.
— The Social Security Administration has announced a 2.5% cost-of-living adjustment for recipients in 2025, the smallest such increase since 2021. On average, Social Security retirement benefits ...
If Social Security benefits don't increase, retirees would lose purchasing power to inflation (rising prices) over time. COLA is simply the "raise" passed along most years that's designed to keep ...
Next year, Social Security benefits and Supplemental Security Income (SSI) payments will increase by 2.5% for nearly 73 million Americans. When you break it down, this is roughly $50 more each month.
The average monthly Social Security benefit is expected to rise from $1,927 to $1,976 once 2025's COLA takes effect. That's a $49 increase. But that doesn't mean you should automatically expect ...
The percent increase then becomes the COLA in the following year. For instance, the CPI-W increased 2.5% in the third quarter of 2024, which means Social Security benefits will get a 2.5% COLA in ...
But a 2.5% COLA for 2025 stings because it's the smallest one to arrive in years. At the start of 2024, seniors on Social Security saw their benefits increase by 3.2%. And the year prior, Social ...
With the increase, the average Social Security monthly benefit check will rise by about $50. The COLA for 2025 is the second straight year of more normal annual adjustments, following large ...