Search results
Results from the WOW.Com Content Network
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%.
Type of Beneficiary. December 2024 Average (Includes COLA) November 2024 Average (Before COLA) Monthly Difference. Retired workers. $1,975.34. $1,925.46
Image source: Getty Images. But when a given year's COLA isn't so generous, Social Security recipients can suffer. And unfortunately, based on recent inflation data, it's looking like 2025's ...
For this reason, it is often referred to as the 2025 COLA. As of the latest available data (November), the average retired worker receives a monthly Social Security benefit of $1,925.46.
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 ...
The increase from 301.236 to 308.729 is roughly 2.49%, which is how we end up with the 2.5% COLA for 2025. If this year's number had been lower than last year's, monthly benefits would've remained ...
Still, there are estimates out there from reputable groups in the context of next year's COLA. Recently, the nonpartisan Senior Citizens League projected a 2.6% Social Security COLA for 2025.