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While I think the 2025 Social Security COLA will be higher than current estimates, I don't expect it to be much higher. My guess is that retirees could be looking at a Social Security benefits ...
With inflation improving, the nonpartisan Senior Citizens League (TSCL) projects the Social Security COLA for 2025 at 2.5% as of September, revised from its higher prediction of 2.57% in August.
Meanwhile, the average Social Security check for survivors of deceased workers should also climb by $38 per month, from $1,513 to close out 2024 to an estimated $1,551 in 2025.
If inflation ticks upward this month, seniors on Social Security could end up with a raise in 2025 that's higher than 2.5%. While it may not be much higher, every little bit helps. A smaller COLA ...
Unfortunately, 2025's Social Security COLA isn't exactly going to be a record-breaker. As a result of cooling inflation, benefits will only be rising by 2.5% in the new year.
The increase in 2025 will perhaps have the biggest impact on those earning between $168,600 and $176,100 per year, as you'll face Social Security tax on income that wasn't previously taxed in 2024.
What would the 2025 Social Security COLA be using the R-CPI-E? Instead of a 2.5% increase, the COLA would be 3%. The average retired worker's monthly Social Security benefit in August 2024 was ...
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