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The 2025 adjustment shrank to 2.5% from 2024’s 3.2% increase, the Social Security Administration said on Oct. 10. This is the smallest rise since 2021. This is the smallest rise since 2021.
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 2.5% increase begins in January for nearly 68 million Social Security beneficiaries. An average beneficiary will see an increase of $50, going from $1,907 in January 2024 to $1,957 in January ...
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 ...
The Social Security 2024 COLA increase was a disappointment for many retirees. As of now, the Social Security COLA projection for 2025 is a drop compared to the 2024 COLA, which could feel like a ...
With the increase, the average Social Security monthly benefit check will rise by about $50. The COLA for 2025 is the second straight year of more normal annual adjustments, following large ...
The table gives the average monthly benefit as of December 2023, per Social Security data, along with the estimated 2025 benefit. This includes the 3.2% cost-of-living adjustment (COLA) for 2024 ...
But a 2.5% COLA for 2025 stings because it's the smallest one to arrive in years. At the start of 2024, seniors on Social Security saw their benefits increase by 3.2%. And the year prior, Social ...
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