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Source: Social Security Administration. The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop.
And the fact that the full-year CPI-W in 2024 increased more than the 2.5% COLA in 2025 is even worse news. It means Social Security will have a little less spending power this year. How retired ...
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.
But when a given year's COLA isn't so generous, Social Security recipients can suffer. And unfortunately, based on recent inflation data, it's looking like 2025's Social Security COLA will be a ...
That figure will increase $48 next year in the event of a 2.5% cost-of-living adjustment (COLA). However, retirees with above-average benefits will receive bigger nominal-dollar COLAs, meaning ...
The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. That's well under the 3.2% retirees got last year and far less than what many were hoping for.
For nearly 70 million Americans receiving Social Security benefits, the countdown to the next Cost-of-living Adjustment (COLA) is on. The Social Security Administration (SSA) will announce the ...
Next year’s Social Security cost-of-living adjustment (COLA) will likely be lower than the increase seniors enjoyed in 2024, according to new estimates, as inflation continues to abate.