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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.
In recent years, Social Security's COLAs have been notably generous. This year's 3.2% COLA was above average over the past decade, and 2023's 8.7% COLA was a record-breaker. Social Security cards.
For example, the CPI-W climbed 2.5% in the third quarter of 2024, so Social Security benefits will receive a 2.5% COLA in 2025. The latest inflation report was bad news for retired workers on ...
3. Maximum Social Security benefit also set to increase. The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This ...
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 months, there's been speculation about Social Security's 2025 cost-of-living adjustment (COLA). And at long last, seniors have an answer. On Oct. 10, the Social Security Administration ...
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 ...
Image source: Getty Images. In 2025, Social Security benefits are getting a 2.5% COLA, which happens to be the smallest increase to arrive in a few years.The reason for that seemingly stingy COLA ...