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By now, all seniors on Social Security should have gotten their first checks for 2025. With the latest 2.5% cost-of-living adjustment (COLA) in effect, the average benefit has climbed to $1,976 ...
The Social Security Administration made its official 2025 COLA announcement in October. COLAs, though, are not adjusted during the year to account for month-to-month changes in inflation.
In the early morning hours of Oct. 10, the SSA lifted the hood on the 2025 COLA, which offers something of a good news/bad news scenario for Social Security recipients in the upcoming year.
The Social Security cost-of-living adjustment, or COLA, for 2025 is a 2.5% increase. That means the monthly benefits checks for more than 72.5 million Americans will see their lowest annual bump ...
On average, Social Security's 2025 COLA will be largest for retired workers at age 70. ... That figure will increase $48 next year in the event of a 2.5% cost-of-living adjustment (COLA).
Unfortunately, 2025's Social Security COLA isn't exactly going to be a record-breaker. As a result of cooling inflation, benefits will only be rising by 2.5% in the new year.
The table gives the average monthly benefit as of December 2023, per Social Security data, along with the estimated 2025 benefit. This includes the 3.2% cost-of-living adjustment (COLA) for 2024 ...
With the September consumer price index (CPI) report now official, the Social Security Administration has announced the 2025 cost-of-living adjustment (COLA). Beneficiaries will be getting an ...
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