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The Social Security Administration has announced a 2.5% cost-of-living adjustment for recipients in 2025, the smallest such increase since 2021.
In the early morning hours of Oct. 10, the SSA lifted the hood on the 2025 COLA, ... As long as these critical costs for retirees are climbing at a rate faster than the 2025 COLA, it sets most ...
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.
The new wage base limit, which will be in effect in 2025, is $176,100, up from the $168,600 limit in 2024. This means more income of some workers will be subject to Social Security payroll taxes.
At this rate, retirees may soon see the smallest raise to their benefits since 2021. This comes after surging inflation resulted in some of the biggest increases to Social Security benefits in ...
In just a few weeks, retirees will get their first Social Security benefits with the 2025 cost-of-living adjustment (COLA) included. Many argue the 2.5% bump will be insufficient to cover the ...
As you can see above, COLAs have cooled off since the elevated inflation of the late 1970s and early 1980s, meaning the 2.5% increase for 2025 is more or less in line with historical norms ...
Data source: Social Security Administration. The increase from 301.236 to 308.729 is roughly 2.49%, which is how we end up with the 2.5% COLA for 2025.
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