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The Senior Citizens League, a nonprofit advocacy group, estimates that disconnect has caused Social Security to lose 20% of its buying power since 2010. And the problem is likely to get worse next ...
The latest inflation report was bad news for retired workers on Social Security CPI-W inflation gradually decelerated during the first three quarters of the year, cooling from 2.9% in January to 2 ...
For many retirees, this means that even when they get a raise, it may not feel like a raise. Retirees need more than Social Security. For decades, Social Security was meant to supplement ...
The Social Security Administration recently announced the cost-of-living adjustment (COLA) for 2025, and beneficiaries can expect a 2.5% raise (amounting to around $50 per month for the average ...
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 benefits are rising by 2.5%. Each year, Social Security benefits are eligible for an automatic cost-of-living adjustment, or COLA.
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 incorrectly agreed with this ...
Image source: Getty Images. The good news coming in 2025 1. The COLA is increasing. The first piece of good news is that beneficiaries will see a 2.5% bump in benefits beginning in January, thanks ...