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At first, it might sound like this data would be before the 2025 COLA took effect, ... So, the average Social Security retirement benefit increased by nearly $50 per month, or about $600 per year. ...
In Q3 2024, the average was 308.729. This roughly 2.49% increase is how we ended up with the 2.5% COLA for 2025. ... How the new COLA can affect your retirement plan in 2025.
It's also important to recognize that the aforementioned 2.57% COLA projection is only an estimate. Social Security COLAs are calculated based on third quarter CPI-W data. As of this writing, the ...
But let's get back to the CPI-W. Based on initial inflation data, the current 2025 Social Security COLA estimate is 2.63%. That's below the 3.2% boost retirees got at the start of 2024.
For now, you can keep tabs on 2025 estimates to know what to expect. But also take steps to improve your retirement income picture, because even that 2.66% projection has the potential to drop ...
Next year's COLA is shaping up to be much lower. Based on the most recent inflation data available, the nonpartisan Senior Citizens League projects that 2025's Social Security COLA will be 2.63%.
The Social Security Administration will announce the official RET limits for 2025 in the same press release as the COLA. But Social Security's Trustees estimate the lower limit will increase to ...
Starting in January 2025, Social Security beneficiaries will see a 2.5% cost-of-living adjustment (COLA), marking the smallest increase since 2021. This modest adjustment reflects a positive ...