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A 2.5 percent increase would raise the average Social Security payment for retired workers from $1,920.48 (as of August 2024) to $1,968.49 in 2025, an increase of $48.01. You’ll notice the COLA ...
Source: Social Security Administration. The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop.
In 2023, retirees received a Social Security increase of 8.7%. ... The Social Security benefit increase fell sharply in 2024 to 3.2%. ... The latest 2025 Social Security COLA estimates.
Starting in January 2025, Social Security beneficiaries will see a 2.5% cost-of-living adjustment (COLA), marking the smallest increase since 2021. ... the 2023 adjustment was a substantial 8.7% ...
The Senior Citizens League estimated that the Social Security cost-of-living adjustment for 2025 could be 2.4%. The 2025 Social Security cost-of-living increase will be far smaller than this year ...
In 2023, seniors on Social Security received a whopping 8.7% COLA ... how much their monthly benefits will increase in 2025. And based on recent inflation data, there's a new estimate available ...
Meanwhile, the average Social Security check for survivors of deceased workers should also climb by $38 per month, from $1,513 to close out 2024 to an estimated $1,551 in 2025.
Image source: Getty Images. Next year's raise may be considerably lower than 2024's. In 2024, Social Security recipients saw their benefits rise 3.2%. Next year's COLA is shaping up to be much ...