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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.
Social Security recipients could get an additional $2,400 a year in benefits if a new bill recently introduced to Congress wins approval -- something seniors would no doubt welcome as surging...
At the start of 2024, seniors on Social Security saw their benefits increase by 3.2%. And the year prior, Social Security recipients got a record-breaking 8.7% COLA.
Specifically, seniors and others who are collecting Social Security will get a 2.5% benefits increase. Retirees can expect to see their check amount increase beginning in January.
For much of the summer, there was a lot of speculation about 2025's Social Security cost-of-living adjustment (COLA). Seniors on Social Security were hoping for a large raise to follow the 3.2% ...
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).