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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.
In 2025, nearly 73 million Social Security and SSI recipients will see their benefits increase by 2.5%. That’s just under the 2.5% by which the average COLA boosted benefits over the last decade.
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.
SSI payments for December went out on Friday, Nov. 29, because Dec. 1 was a Sunday, according to the SSA calendar. January's SSI payments always come out early because Jan. 1 is a holiday. This ...
The new payment amounts in 2023 will reflect an increase of 8.7%, which is the highest adjustment the Social Security Administration has offered since 1981 and is the fourth biggest COLA in the ...
If a similar increase happens this year, it will, unfortunately, leave Medicare enrollees with a less substantial increase in their monthly Social Security checks. Make the best of 2025's COLA
For nearly 70 million Americans receiving Social Security benefits, the countdown to the next Cost-of-living Adjustment (COLA) is on. The Social Security Administration (SSA) will announce the ...
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 ...