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The Social Security Administration set its 2025 cost-of-living adjustment at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some ...
It's official: Social Security benefits will receive a 2.5% cost-of-living adjustment (COLA) in 2025, the smallest percent increase in payments since 2021. That means the average retired worker ...
With this change, employees will pay up to $10,918.20 in 2025, compared to $10,453.20 currently. The employer will pay the other $10,918.20. Note that self-employed individuals will have to ...
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 ...
In fact, next year's 2.5% bump is higher than the 2010's average COLA of 1.4%, and is similar to the average since 1983 (after the soaring inflation of the preceding decade). What it means for ...
The reason 2025's COLA is lower is because inflation slowed down considerably in 2024. ... there's also a maximum monthly benefit the program will pay out. In 2025, that maximum monthly benefit at ...
Social Security recipients are getting a raise in January. Here's exactly how much your benefits will go up.
This year's inflation levels haven't been that far off from the Fed's target. And so it makes sense that 2025's Social Security COLA would be smaller than the COLAs received over the past few ...