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The Equal COLA Act will ensure the nearly 800,000 federal retirees living on fixed incomes receive the full benefits they deserve to keep up with the cost of living,” stated Padilla.
The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. ... could significantly improve retirees' finances and help Social Security maintain its buying power over time.
Though a 2.5% cost-of-living adjustment is just two months away, it's unlikely many beneficiaries will feel the full effect of this increase. The $ 22,924 Social Security bonus most retirees ...
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Image source: Getty Images. How much more money will retirees get next year? The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year.
The annual cost-of-living adjustment (COLA) is a major announcement for retirees. ... functions of the federal government. The Social Security Administration (SSA) doles out about $1.5 trillion a ...
Social Security's 2025 cost-of-living ... could be the smallest raise for retired workers ... the 3.2% COLA applied to payments this year failed to offset the increase in their household costs.
Don't start counting that extra money just yet. Social Security Benefits Will Get a 2.5% Cost-of-Living Adjustment (COLA) in 2025. Here's Why Many Retirees Won't Keep Their Entire Raise.