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A good news/bad news scenario awaits retirees in the new year. ... the SSA lifted the hood on the 2025 COLA, ... beneficiaries enjoyed raises of 5.9% in 2022, 8.7% in 2023, and 3.2% in 2024. ...
Here's the big picture: While the 2.5% COLA in 2025 is the smallest increase in Social Security benefits in four years -- 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022 -- that means prices across ...
COLA over the last decade: 2025 to 2024. COLA has varied widely over the past 10 years. The lowest COLA in that timeframe was in 2016 at 0.0%, and the highest was in 2023, when COLA was a whopping ...
The COLA for 2025 is the second straight year of more normal annual adjustments, following large increases seen in 2023 and 2022. The 2025 increase follows this year’s rise of 3.2 percent, which ...
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 ...
Because inflation surged in 2022 and 2023, Social Security provided unusually large COLAs for those years, at 5.9% and 8.7%, respectively. ... If the agency announces a 2.5% COLA increase for 2025 ...
The 2025 Social Security COLA Will Be Announced This Month. Here's What That Means for Retirees. ... The most watched COLA update, of course, is the one that affects 67.7 million people, including ...
At 2.5%, the 2025 COLA is below average and the lowest since the 1.3% COLA in 2021. The good news: The 2025 COLA could be lower. The could-be-better news: The 2025 COLA could also be higher.