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The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop. That percentage is likely to change, but the concern is ...
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.
The SSA has announced that benefit checks will rise 2.5 percent in 2025. The 2.5 percent adjustment will amount to an average increase of $50 in monthly benefits for retired workers on Social ...
A 2.5 percent increase would raise the average Social Security payment for retired workers from $1,920.48 (as of August 2024) to $1,968.49 in 2025, an increase of $48.01. You’ll notice the COLA ...
Social Security's full retirement age will increase in 2025. ... as detailed in the chart below. Birth Year. Full Retirement Age (FRA) 1943-1954. 66. 1955. 66 and 2 months. 1956. 66 and 4 months.
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.
Next year's Social Security benefits increase will be close to the average increase over the last decade.
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.