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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.
In 2025, nearly 73 million Social Security and SSI recipients will see their benefits increase by 2.5%. That’s just under the 2.5% by which the average COLA boosted benefits over the last decade.
Jan. 3: People who claimed Social Security before May 1997 or who receive both Social Security and SSI will see their new 2025 COLA reflected when they receive their checks on this day. Jan. 8 ...
The slight change on the Social Security Administration's calendar may not come as much of a surprise to those keeping a close eye on the administration's 2024 timetable, which lays out dates for ...
The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%. This is under the 3.2% increase retirees saw last year. This is under the 3.2% increase ...
As for what this means in more relatable terms, in that this year's average monthly Social Security payment stands at $1,907, a 2.63% increase would put 2025's average monthly benefit somewhere ...
SSI payments for December went out on Friday, Nov. 29, because Dec. 1 was a Sunday, according to the SSA calendar. January's SSI payments always come out early because Jan. 1 is a holiday. This ...
With the increase, the average Social Security monthly benefit check will rise by about $50. The COLA for 2025 is the second straight year of more normal annual adjustments, following large ...