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Social Security benefits received a 2.5% cost-of-living adjustment (COLA) in 2025, but for many retirees, this is not enough to keep up with rising prices. Their monthly checks don't go as far as ...
The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. For years, groups like The Senior Citizens League (TSCL) have been calling for changes to the way the government ...
Source: Social Security Administration. Chart by author. For some perspective, the average COLA since 1975 is 3.75%. The highest-ever COLA was 14.3% in 1980. In 2010, 2011, and 2016, there were no ...
Image source: Getty Images. Social Security benefits are increasing. The Social Security COLA that is about to go into effect will result in a 2.5% increase in everyone's Social Security benefits. ...
The chart below shows how a 2.5% COLA would impact the average monthly payout for different beneficiaries. ... Social Security's full retirement age will increase in 2025.
With the latest 2.5% cost-of-living adjustment (COLA) in effect, the average benefit has climbed to $1,976 per month. That's about $49 higher than the average in December 2024. That's about $49 ...
Image source: Getty Images. Social Security's above-average COLA comes at a hefty price for retirees. While next year's cost-of-living adjustment looks decent on paper, most retirees will soon ...
In particular, the 8.7% COLA in 2023 was a 41-year high and the largest nominal-dollar increase in the program's storied history. In recent months, hopes had been high that the 2025 COLA would ...