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On Thursday, the Social Security Administration (SSA) announced the cost-of-living adjustment (COLA) for 2025. Beginning in January, more than 72.5 million Americans will receive a 2.5% increase ...
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 ...
Data source: Social Security Administration. Pre-COLA amounts reflect the average benefit paid out in November. 2. Some workers will pay more Social Security taxes in 2025
The most notable change to Social Security benefits in 2025 should be good news. ... a 2.5% increase in their monthly benefits beginning in January 2025. ... that Social Security uses to calculate ...
Image source: Getty Images. 1. 2.5% cost-of-living adjustment (COLA) 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 ...
In 2025, Social Security benefits will increase by 2.5%. ... But that's not such a simple thing to do, since Social Security's maximum monthly benefit is tied to a limit on taxable wages. 4 ...
How the 2025 COLA compares to recent adjustments. As of August 2024, the average Social Security recipient received a monthly benefit of $1,783.55. But the average retired worker did a bit better ...
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.