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Because inflation surged in 2022 and 2023, Social Security provided unusually large COLAs for those years, at 5.9% and 8.7%, respectively. ... If the agency announces a 2.5% COLA increase for 2025 ...
Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
A 2.5 percent increase would raise the average Social Security payment for retired workers from $1,920.48 (as of August 2024) to $1,968.49 in 2025, an increase of $48.01. You’ll notice the COLA ...
The most notable change to Social Security benefits in 2025 should be good news. ... monthly benefits beginning in January 2025. A 2.5% increase is below the average COLA since it became annual in ...
The most watched COLA update, of course, is the one that affects 67.7 million people, including roughly 53.2 million people age 65 and older. ... a 2.63% increase would put 2025's average monthly ...
Learn about the Social Security COLA projection for 2025, ... The Social Security 2024 COLA increase was a lower 3.2%. ... With One Month Left, COLA for 2025 Forecast at 2.5% According to The ...
The COLA for 2025 is the second straight year of more normal annual adjustments, following large increases seen in 2023 and 2022. The 2025 increase follows this year’s rise of 3.2 percent, which ...
The 2025 COLA increase is the smallest since 2021. Social Security benefits are given a cost-of-living adjustment each year. The 2025 COLA increase is the smallest since 2021. ... The Today Show.