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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 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 ...
With two months of data still pending, current estimates suggest a 2.57% COLA increase for 2025, which would add about $50 per month to benefits, according to the Detroit Free Press.
Starting in 2025, 401(k) and 403(b) plans established after Dec. 29, 2022, must automatically enroll all eligible employees at a default deferral rate of between 3% and 10% of their salary, and ...
A separate study from The Senior Citizens League found that two-thirds of seniors report their monthly costs increasing by 10% between 2022 and 2023. While the 2023 COLA was the highest in four ...
Starting in January 2025, Social Security beneficiaries will see a 2.5% cost-of-living adjustment (COLA), marking the smallest increase since 2021. This modest adjustment reflects a positive ...
The current Social Security COLA projection for 2025 is 2.5%, according to the Senior Citizens League. TSCL updated its 2025 COLA prediction based on August's CPI-W data, which came in at 2.5% ...
However, 2.5% is only slightly below the average COLA of 2.6% over the last 20 years. Good news and bad news Whatever the official amount of the 2025 COLA is, it will bring both good news and bad ...