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But based on what we know so far, it's looking like 2025's Social Security COLA will end up somewhere around 2.5%. That's the working estimate based on inflation readings from July and August.
Each year's Social Security COLA is based on the inflation data from the prior year's third quarter. So the 2.5% COLA seniors got this month was calculated based on inflation from July through ...
For the average worker with disabilities, their Social Security benefit is projected to rise by $38 per month, from $1,542 to end 2024 to $1,580 to begin the new year. Meanwhile, the average ...
Image source: Getty Images. Just as $1 today most likely won't be worth $1 in 10 or 20 years, so, too, can Social Security's buying power erode over time without annual adjustments to seniors ...
Since Social Security's COLA is a reflection of price changes, this led to well-above-average increases to Social Security checks. In 2022, 2023, and 2024, benefit checks rose by 5.9%, 8.7%, and 3 ...
Millions of retirees depend on Social Security to make ends meet. Benefits are a major source of income for 60% of current retirees, according to a 2024 poll from Gallup, with an additional 28% of ...
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