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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.
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 ...
Following a decade of mostly anemic COLAs, beneficiaries enjoyed raises of 5.9% in 2022, 8.7% in 2023, and 3.2% in 2024. The 8.7% cost-of-living adjustment marked the largest percentage increase ...
A separate study from The Senior Citizens League found that two-thirds of seniors report their monthly costs increasing by 10% between 2022 and 2023. While the 2023 COLA was the highest in four ...
In the meantime, The Senior Citizens League (TSCL) estimates benefits will increase 2.5% in 2025. Social Security recipients can use that figure to estimate how much additional income they will ...
In contrast, the 2023 adjustment was a substantial 8.7% to account for high inflation in 2022. Here are some other things you should know about Social Security in 2025 .
An estimated 96.7% of adults aged 60 to 89 receive Social Security. ... 5 Low-Risk Ways To Build Your Retirement Savings in 2025. In fact, 50% of people ages 65 and up receive half of their total ...
The Senior Citizens League, a non-partisan seniors advocacy group, forecast a 2.66% COLA in 2025 in its most recent estimate. That’s down from 3.2% this year and a decades-high 8.7% in 2022.