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The Social Security Administration is expected to announce the official COLA increase in mid-October. Overall, the U.S. Consumer Price Index rose 3.7% in August , according to BLS data released ...
With another year in the books, Social Security retirees will look ahead to 2025. Retirees will receive a 2.5% cost-of-living adjustment (COLA), the smallest in four years because inflation ...
Based on the June BLS data, the 2024 Social Security COLA will be 3%, according to estimates from The Senior Citizens League, a non-partisan seniors advocacy group. That estimate is up from the ...
The percent increase then becomes the COLA in the following year. For instance, the CPI-W increased 2.5% in the third quarter of 2024, which means Social Security benefits will get a 2.5% COLA in ...
The Social Security Administration announced this important change The Oct. 10 Social Security announcement related to the cost-of-living adjustment, or COLA. COLAs are increases in benefits that ...
Most Americans cheer cooling inflation, but Social Security recipients worry COLA for 2024 could end up less than a third of 2023's 8.7% increase.
In 2024, Social Security recipients saw their benefits rise 3.2%. Next year's COLA is shaping up to be much lower. Next year's COLA is shaping up to be much lower.
Unless the U.S. government's September 2023 inflation report drops some kind of unforeseen surprise, you can expect the 2024 Social Security cost-of-living adjustment (COLA) to be somewhere in the...