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Looking at the history of Social Security COLAs, 2025 isn't so bad. ... The COLA for 2025 will be 2.5%, which is a big step down from the increases received for the last three years.
— The Social Security Administration has announced a 2.5% cost-of-living adjustment for recipients in 2025, the smallest such increase since 2021. On average, Social Security retirement benefits ...
Here are the Social Security raises seniors have received over the past couple of years: January 2022 -- 5.9%. January 2023 -- 8.7% ... And while seniors have gotten big Social Security raises ...
For example, while all Social Security recipients in New Jersey and Massachusetts will receive a 2.5% COLA next year, the median increase will be $52.50 per month for retirees in New Jersey (i.e ...
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.
And the year prior, Social Security recipients got a record-breaking 8.7% COLA. So a raise of just 2.5% seems awfully meager by comparison. Making matters worse is that the cost of Medicare Part B ...
So all told, a 2.5% raise in 2025 may go further than expected. 2. It's fairly in line with the average COLA over the past 10 years. A 2.5% Social Security COLA might seem stingy compared to ...
If the number is lower than the previous year's, Social Security doesn't reduce monthly benefits -- they remain the same. For example, the average CPI-W for the third quarter of 2023 was 301.236 ...