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By now, all seniors on Social Security should have gotten their first checks for 2025. With the latest 2.5% cost-of-living adjustment (COLA) in effect, the average benefit has climbed to $1,976 ...
Across the 10 states where retired-worker benefits will increase most substantially, the median raise would range from $50.60 per month to $54.60 per month if the COLA indeed lands at 2.6%.
With two months of data still pending, current estimates suggest a 2.57% COLA increase for 2025, which would add about $50 per month to benefits, according to the Detroit Free Press.
The Social Security 2024 COLA increase was a disappointment for many retirees. As of now, the Social Security COLA projection for 2025 is a drop compared to the 2024 COLA, which could feel like a ...
On Oct. 10, following the release of the final puzzle piece needed to calculate Social Security's 2025 COLA (the September inflation report), the SSA announced that beneficiaries would see their ...
The Social Security Administration will do the same thing to calculate the 2025 COLA, except it'll base its data on the CPI-W figures from 2023 and 2024. It'll be officially announced on Oct. 10, 2024
The percent increase then becomes the COLA in the following year. For instance, the CPI-W increased 2.5% in the third quarter of 2024, which means Social Security benefits will get a 2.5% COLA in ...
Next year's Social Security benefits increase will be close to the average increase over the last decade. Social Security COLA Update: Here's How Much the Average Benefit Will Increase in 2025 ...