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The COLA for 2025 is the second straight year of more normal annual adjustments, following large increases seen in 2023 and 2022. The 2025 increase follows this year’s rise of 3.2 percent, which ...
COLA over the last decade: 2025 to 2024. COLA has varied widely over the past 10 years. The lowest COLA in that timeframe was in 2016 at 0.0%, and the highest was in 2023, when COLA was a whopping ...
Luckily, recipients can expect a 2.5% increase in their monthly benefits beginning in January 2025. A 2.5% increase is below the average COLA since it became annual in 1975, but it could also be ...
If that forecast is accurate, the maximum amount most workers will pay in Social Security taxes next year will increase to $10,843.80, meaning some individuals will see an additional $390.60 ...
Image source: Getty Images. Bad news: Important costs are going to offset some or all of your 2025 COLA. But as noted earlier, Social Security's 2025 COLA is a mixed bag.
Image source: Getty Images. Remember, inflation began surging in 2021 as stimulus aid fueled an economic revival. In 2022, Social Security benefits got a 5.9% COLA, which was only a modest raise ...
The 2025 Social Security COLA Will Be Announced This Month. Here's What That Means for Retirees. ... The most watched COLA update, of course, is the one that affects 67.7 million people, including ...
We're a few months away from the official announcement, but there are a few things we can say about it already.