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Some retirees on Social Security will get an above average COLA in 2025. All retired workers on Social Security will receive the same 2.5% cost-of-living adjustment next year. But what that 2.5% ...
It's official: Social Security benefits will receive a 2.5% cost-of-living adjustment (COLA) in 2025, the smallest percent increase in payments since 2021. That means the average retired worker ...
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%. And the year prior, Social ...
But when the 2.5% COLA kicks in for the new year, the typical retired worker will see a $49 per-month lift in their payout to $1,976, or roughly $588 extra per year.
For instance, the CPI-W increased 2.5% in the third quarter of 2024, which means Social Security benefits will get a 2.5% COLA in 2025. That means the average retired worker will receive an extra ...
The 2025 COLA increase is the smallest since 2021. ... some advocates for older Americans say the modest bump in Social Security benefits puts U.S. retirees at risk of losing financial ground.