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The real-world result of the 2.5% COLA is a higher average monthly benefit payment. The average Social Security payment changes from month to month, but in January, it’s $1,976, compared to ...
We're only a few weeks away from finally learning what the 2025 Social Security cost-of-living adjustment will be.Current projections put it around 2.5%, less than the 3.2% beneficiaries got this ...
Image source: Getty Images. 1. Social Security benefits are rising by 2.5%. Each year, Social Security benefits are eligible for an automatic cost-of-living adjustment, or COLA.
Image source: Getty Images. 1. 2.5% cost-of-living adjustment (COLA) The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%.This is under the 3.2 ...
Here's the schedule for when Social Security recipients will get their new 2025 COLA payments: Dec. 31: SSI beneficiaries will receive their new cost-of-living adjustment with this payment that ...
In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.
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Source: Social Security Administration. The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop.