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By now, all seniors on Social Security should have gotten their first checks for 2025. With the latest 2.5% cost-of-living adjustment (COLA) in effect, the average benefit has climbed to $1,976 ...
While a lot can happen with various price categories and the U.S. economy over the next 11 months, a viable path does exist for America's top retirement program to endure its fourth 0% COLA in 2026.
For example, let's say the cost to buy a broad basket of goods and services rises by 3%. If Social Security benefits don't increase, retirees would lose purchasing power to inflation (rising ...
A bit more detail. The Office of Personnel Management described the program for eligible federal employees as “paid administrative leave” with benefits until Sept. 30, 2025.
The COLA for 2025 will be 2.5%, which is a big step down from the increases received for the last three years. ... Those years top the list, and 2024's 3.2% was high enough to make it into the top ...
Source: Social Security Administration. Since 2014, the average COLA has landed at 2.6%. In some ways, it's a good thing that these adjustments are much lower than they were decades ago.
On December 20, 2019, as part of the National Defense Authorization Act (NDAA) for Fiscal Year 2020, [1] the Federal Employee Paid Leave Act (FEPLA) [2] granted federal government employees up to 12 weeks of paid time off for the birth, adoption or foster of a new child. [3] The law applies to births or placements occurring on or after October ...
Image source: Getty Images. 1. Social Security benefits will get a cost-of-living adjustment (COLA) in 2025. Social Security benefits are protected from inflation by cost-of-living adjustments ...