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It's official: Social Security benefits will receive a 2.5% cost-of-living adjustment (COLA) in 2025, the smallest percent increase in payments since 2021. That means the average retired worker ...
Retired workers in certain states will get a smaller cost-of-living adjustment (COLA) in 2025. Social Security's 2025 COLA: Retirees in These 10 States Will Get the Smallest Raises Next Year Skip ...
Although inflation in the United States continued to fall in June -- hitting its lowest level in more than two years -- the latest Social Security cost-of-living adjustment (COLA) estimate for 2024...
In the early morning hours of Oct. 10, the SSA lifted the hood on the 2025 COLA, which offers something of a good news/bad news scenario for Social Security recipients in the upcoming year.
The list below comes from the 2024 statistical supplement. It details the 10 states with the highest median monthly Social Security benefit for retired workers, as of December 2023. New Jersey: $2,100
The Social Security program has existed since 1935, but COLAs were not introduced until the mid-1970s. ... In eight of the last 15 years, the inflation rate has surpassed the COLA for each of ...
The annual Social Security COLA is based on the third-quarter change in the CPI-W, or Consumer Price Index for Urban Wage Earners and Clerical Workers. In July, the index rose 2.9%. In July, the ...
This would be the smallest Social Security COLA since 2020 and would be more than a full percentage point below the long-term average. For context, the average Social Security benefit for a ...