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Data source: Social Security Administration. Pre-COLA amounts reflect the average benefit paid out in November. 2. Some workers will pay more Social Security taxes in 2025
The increase for 2025, effective in December 2024, was just 2.5% -- not far from average, but well below some recent COLAs. ... the average monthly Social Security retirement benefit was $1,925 ...
Image source: Getty Images. 1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January ...
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.
Image source: Getty Images. 1. Social Security payments got a COLA in 2025 to protect benefits from inflation. A 2024 Nationwide Retirement Institute survey found that 66% of adults did not know ...
In 2025, you can earn up to $23,400 without seeing any of your Social Security benefits withheld. That's an increase from $22,320 in 2024. From there, you risk having $1 in Social Security ...
That will increase to $10,918 next year (i.e., 6.2% of $176,100), meaning some workers will pay up to $465 more in payroll taxes in 2025. 3. The maximum Social Security benefit for new retirees ...
The 2025 sum isn't known at the time of this writing, but it's projected by some to rise to $185 for 2025. Social Security benefits are vital to most retirees, and they keep many millions above ...