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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. ... What is the VA benefits COLA increase for 2025 ...
The Social Security Administration made its official 2025 COLA announcement in October. ... greater than the 2.5% raise benefits got for 2025. If inflation continues to tick upward, it could put ...
A good news/bad news scenario awaits ... beneficiaries enjoyed raises of 5.9% in 2022, 8.7% in 2023, and 3.2% in 2024. ... following the release of the final puzzle piece needed to calculate ...
This year's 2.5% COLA is the lowest since 2021, and it's substantially smaller than the 5.9% and 8.7% raises we saw in 2022 and 2023, respectively. For many retirees, then, this adjustment is a ...
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 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 this reason, it is often referred to as the 2025 COLA. As of the latest available data (November), the average retired worker receives a monthly Social Security benefit of $1,925.46.
The annual COLA is critical for helping benefits keep up with inflation. The Social Security Administration (SSA) will announce the annual COLA for 2025 on October 10.