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The good news is that retirees' Social Security benefits will be higher beginning in January. You'll have more money to pay the bills. If the COLA is 2.5%, the average retiree would receive ...
Image source: Getty Images. 1. Benefits are getting a 2.5% cost-of-living adjustment. Each year, Social Security benefits are eligible for an automatic cost-of-living adjustment (COLA).
Across the 10 states where retired-worker benefits will increase most substantially, the median raise would range from $50.60 per month to $54.60 per month if the COLA indeed lands at 2.6%.
Image source: Getty Images. How much more money will retirees get next year? The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year.
Proponents of the bill say that nearly 2.8 million public service workers, including teachers, police officers and others in government, would be eligible for larger Social Security payments upon ...
For instance, the Social Security Administration estimates the average monthly benefit for retirees will increase from $1,927 to $1,976 after the 2025 COLA. That means the average retiree will get ...
As Social Security trust funds are beginning to run low, the federal government is looking to address the issue. This includes making cuts to Social Security retirement benefits, according to CNBC....
Consider it like this: If the average retired worker benefit at age 70 is $2,068 per month, and Social Security's 2025 COLA is 2.5%, then the average 70 year old will receive an additional $51.70 ...