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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 ...
Image source: Getty Images. Bad news: Important costs are going to offset some or all of your 2025 COLA. But as noted earlier, Social Security's 2025 COLA is a mixed bag.
Social Security's 2025 cost-of-living adjustment came in above average, but is far from perfect Coming into this year, beneficiaries were hoping for a history-making moment.
In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.
The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop. That percentage is likely to change, but the concern is ...
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 ...
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 ...
Starting in January 2025, Social Security beneficiaries will see a 2.5% cost-of-living adjustment (COLA), marking the smallest increase since 2021. This modest adjustment reflects a positive ...