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Ohio's Social Security benefit payments could rise by as much as $84.6 million per month in total with new cost of living adjustment for 2025. That amounts to $1.01 billion total in additional ...
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.
Data Source: Social Security Administration. Table by author. As you can see above, COLAs have cooled off since the elevated inflation of the late 1970s and early 1980s, meaning the 2.5% increase ...
On Oct. 10, following the release of the final puzzle piece needed to calculate Social Security's 2025 COLA (the September inflation report), the SSA announced that beneficiaries would see their ...
To help offset inflation that happens with time, Social Security has an annual COLA that increases monthly benefits for all Social Security retirement benefit recipients. Social Security recently ...
Source: Social Security Administration. Chart by author. For some perspective, the average COLA since 1975 is 3.75%. The highest-ever COLA was 14.3% in 1980. In 2010, 2011, and 2016, there were no ...
The Social Security Administration will announce the official RET limits for 2025 in the same press release as the COLA. But Social Security's Trustees estimate the lower limit will increase to ...
And the year prior, Social Security recipients got a record-breaking 8.7% COLA. So a raise of just 2.5% seems awfully meager by comparison. Making matters worse is that the cost of Medicare Part B ...