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Another pay increase of 4.5% was given to military members as part of the 2025 National Defense Authorization Act. Earlier this year, a pay raise of 5.2% on average was given to federal employees ...
The federal minimum has held at $7.25 an hour since 2009, but an increasing number of states are upping their base pay for workers. ... Millions of low-wage earners are getting a raise in 2025 as ...
In 2025, Social Security benefits will rise by 2.5%. And while that raise may read like a disappointment compared to recent COLAs, it's important to put it into context. First, it's not the ...
The Senior Citizens League estimated that the Social Security cost-of-living adjustment for 2025 could be 2.4%. ... and they get a small raise with a new COLA, there's always some new healthcare ...
Image source: Getty Images. How much more money will retirees get next year? The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year.
Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
The Federal Reserve has spent the last two and a half years hiking interest rates to rein in some of the highest inflation experienced in decades. It has fallen from a peak of 9.1% in June 2022 to ...
A 2.5 percent increase would raise the average Social Security payment for retired workers from $1,920.48 (as of August 2024) to $1,968.49 in 2025, an increase of $48.01. You’ll notice the COLA ...