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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.
Initial estimates are calling for a 2.5% Social Security COLA in 2025. That would make 2025's raise the smallest COLA to arrive in years and could put a lot of seniors in a tough financial spot.
I'm referring, of course, to the mid-October announcement of the 2025 Social Security cost-of-living adjustment (COLA). Currently, Social Security benefits are projected to increase by 2.6% to 2.7 ...
The percentage increase determines the COLA for the following year. The Bureau of Labor Statistics released the July reading for the CPI-W on Aug. 14. August's reading will come out on Sept. 11 ...
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 ...
TSCL's latest prediction says the 2025 COLA will be 2.63%. That would be the smallest COLA in the past few years, and 1.14 percentage points lower than the average since the CPI-W became the ...
In 2024, Social Security recipients received a 3.2% adjustment. The average retired worker benefit lands at roughly $1,900 per month, so that amounts to a raise of just over $60 per month.
Social Security's 2025 cost-of-living adjustment (COLA) could be the smallest raise for retired workers in four years. ... surveyed by The Senior Citizens League said the 3.2% COLA applied to ...