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So the 2.5% COLA seniors got this month was calculated based on inflation from July through September of 2024. The Social Security Administration made its official 2025 COLA announcement in October.
For this reason, it is often referred to as the 2025 COLA. As of the latest available data (November), the average retired worker receives a monthly Social Security benefit of $1,925.46. After ...
In 2022, 2023, and 2024, benefit checks rose by 5.9%, 8.7%, and 3.2%, respectively. ... Social Security's 2025 COLA also presents a perilous scenario for most retirees. But not everything is ...
In the early morning hours of Oct. 10, the SSA lifted the hood on the 2025 COLA, which offers something of a good news/bad news scenario for Social Security recipients in the upcoming year.
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 ...
The 2025 COLA increase is the smallest since 2021. ... Inflation has fallen sharply since hitting a 40-year peak in June 2022, but some senior citizens groups argue that Social Security's annual ...
The COLA for 2025 will be 2.5%, which is a big step down from the increases received for the last three years. ... overall change in benefits since the end of 2020 would actually be slightly lower ...
What will the COLA be for Social Security in 2025? The 2025 cost-of-living adjustment is forecast to come in at about 2.5% , according to the Senior Citizens League (TSCL), an advocacy group for ...