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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.
Unfortunately, there have been a few years without an increase in the CPI-W, so there hasn’t been a cost-of-living increase in COLA for Social Security benefits. Since 1975, this has only ...
Data source: Social Security Administration. Table by author. You might have noticed the amount of the COLA was 0% in three years: 2009, 2010, and 2015.
The good news for those reaching FRA this year is that the earnings test limit has increased to $62,160 in 2025 (last year, it was $59,520). Above this threshold, the SSA withholds $1 for every $3 ...
Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment . The 2025 COLA of 2.5% was announced in October and goes into effect in January.
Data source: Social Security Administration. Based on the information above, two groups of workers will reach (or have already reached) FRA this year: (1) Those born in the second half of 1957 ...
For the average worker with disabilities, their Social Security benefit is projected to rise by $38 per month, from $1,542 to end 2024 to $1,580 to begin the new year. Meanwhile, the average ...
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 ...