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What is the VA benefits COLA increase for 2025? Earlier this month, Congress passed a new law that ties veterans' benefits to Social Security's cost-of-living increase. Called the Veterans ...
The Social Security COLA that is about to go into effect will result in a 2.5% increase in everyone's Social Security benefits. Technically speaking, this is the 2024 COLA, as it goes into effect ...
In the early morning hours of Oct. 10, the SSA lifted the hood on the 2025 COLA, which offers something of a good news/bad news scenario for Social Security recipients in the upcoming year.
The big day is right around the corner.On Thursday, Oct. 10, the Social Security Administration (SSA) will announce the highly anticipated cost-of-living adjustment (COLA) for 2025.
Thursday’s COLA announcement comes as the national social insurance plan faces a looming financial shortfall. In roughly a decade, Social Security recipients could see their benefits cut by 21% ...
The COLA applied to benefits in 2025 depends on the percent increase in the CPI-W during the third quarter of 2024, meaning the three months between July and September. The Bureau of Labor ...
The Social Security Administration (SSA) won't be able to make an official COLA announcement until October 10. The reason is that Social Security COLAs are calculated based on third quarter ...
But a 2.5% COLA for 2025 stings because it's the smallest one to arrive in years. At the start of 2024, seniors on Social Security saw their benefits increase by 3.2%.