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Retirees can expect to receive a 2.5% cost-of-living adjustment (COLA) in 2025. Retirees: 3 Reasons You May Snag Larger Social Security Checks in 2025 Skip to main content
Two big events are on the way for retirees. In mid-October, the Social Security Administration (SSA) will announce its annual cost-of-living adjustment (COLA).Less than a month later, Americans ...
Luckily, recipients can expect a 2.5% increase in their monthly benefits beginning in January 2025. A 2.5% increase is below the average COLA since it became annual in 1975, but it could also be ...
That means the average monthly Social Security check for retirees will increase from $1,920.48 (as of August) to roughly $1,968.50, or $23,622 annually. The COLA is made annually to help retirees ...
Image source: Getty Images. 1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January ...
Image source: Getty Images. 1. Benefits are getting a 2.5% cost-of-living adjustment. Each year, Social Security benefits are eligible for an automatic cost-of-living adjustment (COLA).
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.
Social Security is the U.S. government's biggest program; as of June 30, 2024, about 67.9 million people, or one in five Americans, collected Social Security benefits. This year, we're seeing a...