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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 general Social Security earnings-test limit in 2025 is $23,400 (up from $22,320 in 2024). You'll have $1 in Social Security withheld for every $2 you earn above that limit.
1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January 2025. As of the latest data ...
Social Security benefits will get a cost-of-living adjustment to account for inflation in 2025 Nationwide Retirement Institute reports that 66% of surveyed adults incorrectly agreed with this ...
The percent increase then becomes the COLA in the following year. For instance, the CPI-W increased 2.5% in the third quarter of 2024, which means Social Security benefits will get a 2.5% COLA in ...
Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment . The 2025 COLA of 2.5% was announced in October and goes into effect in January.
Image source: Getty Images. 1. Social Security benefits will get a cost-of-living adjustment (COLA) in 2025. Social Security benefits are protected from inflation by cost-of-living adjustments ...
Here's the big picture: While the 2.5% COLA in 2025 is the smallest increase in Social Security benefits in four years -- 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022 -- that means prices across ...