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Earlier this month, Congress passed a new law that ties veterans' benefits to Social Security's cost-of-living increase. Called the Veterans' Compensation Cost-of-Living Adjustment Act of 2024 ...
Image source: Getty Images. 1. The cost-of-living adjustment. Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment ().The 2025 COLA of 2.5% was ...
Social Security's 2025 cost-of-living adjustment (COLA) bumped the average benefit from $1,927 per month to $1,976 per month. It's a $49 increase, but many hoped for more.
Image source: Getty Images. 1. Social Security benefits will get a cost-of-living adjustment (COLA) in 2025. Social Security benefits are protected from inflation by cost-of-living adjustments ...
The bill could also jeopardize the Social Security fund overall, critics say. Sen. Thom Tillis, R-N.C., said the Social Security trust fund is less than 10 years away from being insolvent, and ...
Social Security benefits will get a boost, thanks to COLA ... It will increase to $62,160 in 2025, up from $59,520 in 2024. Above this threshold, the SSA will withhold $1 for every $3 you earn.
Image source: Getty Images. 1. Social Security benefits will get a cost-of-living adjustment to account for inflation in 2025. Nationwide Retirement Institute reports that 66% of surveyed adults ...
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.