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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%.
Data source: Social Security Administration, Monthly Statistical Snapshots, Nov./Dec. 2024. So, the average Social Security retirement benefit increased by nearly $50 per month, or about $600 per ...
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 ...
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.
The organization now estimates the 2025 Social Security COLA will be 2.66%. Since the Social Security Administration always rounds to the nearest tenth of 1%, your increase based on how the ...
Based on August's CPI-W reading, the nonpartisan Senior Citizens League is projecting that 2025's Social Security COLA will amount to 2.5%. This is a notch below its previous 2.57% estimate .
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 ...