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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.
Image source: Getty Images. 1. Social Security benefits will get a cost-of-living adjustment to account for inflation in 2025. Nationwide Retirement Institute reports that 66% of surveyed adults ...
The average Social Security check is $1,783.55 as of September 2024, according to data from the Social Security Administration. Individual benefits vary and could be more or less than the average ...
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 ...
Oct. 15—Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase by 2.5% in 2025, according to a press release from the Social ...
3. Maximum Social Security benefit also set to increase. The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This ...
In 2025, Social Security benefits will increase by 2.5%. That's actually the smallest COLA to arrive in years. However, the news isn't all bleak. Because inflation is easing, seniors may find that ...
In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.