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On Oct. 10, following the release of the final puzzle piece needed to calculate Social Security's 2025 COLA (the September inflation report), the SSA announced that beneficiaries would see their ...
The new wage base limit, which will be in effect in 2025, is $176,100, up from the $168,600 limit in 2024. This means more income of some workers will be subject to Social Security payroll taxes.
Read on to see the 10 states in which retired workers will receive the smallest COLAs in 2025. Two Social Security cards intermixed with U.S. currency arranged haphazardly. Image source: Getty Images.
Data source: Social Security Administration. The increase from 301.236 to 308.729 is roughly 2.49%, which is how we end up with the 2.5% COLA for 2025.
At this rate, retirees may soon see the smallest raise to their benefits since 2021. This comes after surging inflation resulted in some of the biggest increases to Social Security benefits in ...
As you can see above, COLAs have cooled off since the elevated inflation of the late 1970s and early 1980s, meaning the 2.5% increase for 2025 is more or less in line with historical norms ...
Medicare hasn't announced how much more premiums are going to be in 2025 yet, but some estimates suggest they're likely to increase from the current $174.70 in 2024 to $185 per month in 2025.
Image source: Getty Images. How much more money will retirees get next year? The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year.
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