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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.
The COVID-19 pandemic led to the largest year-over-year increase in U.S ... beneficiaries enjoyed raises of 5.9% in 2022, 8.7% in 2023, and 3.2% in 2024. ... following the release of the final ...
The COLA for 2025 is the second straight year of more normal annual adjustments, following large increases seen in 2023 and 2022. The 2025 increase follows this year’s rise of 3.2 percent, which ...
In the meantime, The Senior Citizens League (TSCL) estimates benefits will increase 2.5% in 2025. Social Security recipients can use that figure to estimate how much additional income they will ...
Starting in January 2025, Social Security beneficiaries will see a 2.5% cost-of-living adjustment (COLA), marking the smallest increase since 2021. This modest adjustment reflects a positive ...
Inflation has certainly cooled off from its 2022 peak, but it isn't gone. ... can expect a significant cost-of-living adjustment, or COLA, to increase their benefits in 2025. However, there's more ...
A separate study from The Senior Citizens League found that two-thirds of seniors report their monthly costs increasing by 10% between 2022 and 2023. While the 2023 COLA was the highest in four ...
The Social Security Administration will not announce the official 2025 COLA until October, but The Senior Citizens League expects benefits to increase 2.6% next year. The chart below illustrates ...