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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 ...
Image source: Getty Images. Next year's raise may be considerably lower than 2024's. In 2024, Social Security recipients saw their benefits rise 3.2%. Next year's COLA is shaping up to be much ...
The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop. That percentage is likely to change, but the concern is ...
In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.
A sizable increase in the U.S. money supply during the COVID-19 pandemic led to four consecutive years of above-average COLAs. ... from $1,513 to close out 2024 to an estimated $1,551 in 2025.
The actual cost-of-living adjustment for 2025 for Social Security benefits will be announced in mid-October. Early estimates show an average boost. Social Security COLA could go up 2.5% in 2025 ...
If the current estimate is on target, the estimated inflation-driven boost to benefits in 2025 would be smaller than what those receiving Social Security saw this year. The COLA boost for Social ...
The bad news is the COLA estimate has gone down. But nothing is set in stone just yet. ... and other Social Security recipients are concerned about the 2025 cost-of-living adjustment, or COLA. In ...