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The Social Security Administration set its 2025 cost-of-living adjustment at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some ...
It's official: Social Security benefits will receive a 2.5% cost-of-living adjustment (COLA) in 2025, the smallest percent increase in payments since 2021. That means the average retired worker ...
Following August inflation data, TSCL revised its forecast for Social Security's 2025 cost-of-living adjustment (COLA) down to 2.5% (It had been 2.6%). ... USA TODAY Sports.
Here's when your first Social Security check of 2025 -- and your first COLA -- will hit your bank account: If your date of birth falls between the 1st and 10th of the month, your first Social ...
The average monthly Social Security benefit is expected to rise from $1,927 to $1,976 once 2025's COLA takes effect. That's a $49 increase. But that doesn't mean you should automatically expect ...
For this reason, it is often referred to as the 2025 COLA. As of the latest available data (November), the average retired worker receives a monthly Social Security benefit of $1,925.46.
Image source: Getty Images. Bad news: Important costs are going to offset some or all of your 2025 COLA. But as noted earlier, Social Security's 2025 COLA is a mixed bag.
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.