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With inflation improving, the nonpartisan Senior Citizens League (TSCL) projects the Social Security COLA for 2025 at 2.5% as of September, revised from its higher prediction of 2.57% in August.
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 ...
Some people receive both Social Security benefits and SSI. Jan. 8, 2025. This is when the first regular Social Security payments with the new COLA will be issued — the second Wednesday of the month.
Social Security benefits lost buying power in 2025. The cost-of-living adjustment (COLA) applied to Social Security payments in any given year is based on CPI-W inflation from the third quarter of ...
Getting these notices to millions of beneficiaries takes time, though, so the Social Security Administration asks that you don't contact it regarding missing COLA notices until January 2025. 3.
Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
There's a simple reason I think the actual 2025 Social Security COLA will be higher than current estimates. I suspect inflation will increase in Q3 enough to bump the COLA above the projected 2.6% ...
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 ...