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The 2025 COLA is the lowest since 2021 and down from 3.2% this year, mainly because of the nation’s falling inflation rate. Over the last decade, the COLA increase has averaged about 2.6% ...
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 ...
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 ...
But as upset as seniors may be about a 2.5% COLA, there's a chance 2026's Social Security raise will be even lower. And that's something beneficiaries should gear up for now. Why the news may not ...
The Social Security Administration set its 2025 cost-of-living adjustment at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some ...
The most direct and obvious effect of the new COLA is the increase in monthly benefits. If your monthly Social Security benefit is $1,000 this year, it will be $1,025 starting in January 2025. If ...
More than 51 million retired workers received a Social Security check in August 2024, and most depend on those monthly benefits to make ends meet. Indeed, nearly 90% of retired workers view Social ...
In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.