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The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year. That amounts to around $49 more in monthly benefits for the average retiree.
In 2025, nearly 73 million Social Security and SSI recipients will see their benefits increase by 2.5%. That’s just under the 2.5% by which the average COLA boosted benefits over the last decade.
The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%. This is under the 3.2% increase retirees saw last year. This is under the 3.2% increase ...
Image source: Getty Images. 1. Social Security benefits are rising by 2.5%. Each year, Social Security benefits are eligible for an automatic cost-of-living adjustment, or COLA.
If a similar increase happens this year, it will, unfortunately, leave Medicare enrollees with a less substantial increase in their monthly Social Security checks. Make the best of 2025's COLA
Jan. 3: People who claimed Social Security before May 1997 or who receive both Social Security and SSI will see their new 2025 COLA reflected when they receive their checks on this day. Jan. 8 ...
1. Social Security benefits are getting a modest bump. Let's start with a bit of good news: Social Security benefits will increase by 2.5% in 2025, thanks to the annual cost-of-living adjustment ...
As for what this means in more relatable terms, in that this year's average monthly Social Security payment stands at $1,907, a 2.63% increase would put 2025's average monthly benefit somewhere ...