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Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
This is intended to help seniors and other Social Security recipients keep up with inflation and is based on Consumer Price Index (CPI) data from the third quarter of 2024. While the 2.5% COLA isn ...
People receiving Social Security checks can expect a 2.5% COLA for 2025. This is down from 3.2% in 2024. According to the Social Security Administration (SSA), starting in January the estimated ...
TSCL's latest prediction says the 2025 COLA will be 2.63%. That would be the smallest COLA in the past few years, and 1.14 percentage points lower than the average since the CPI-W became the ...
What will the COLA be for Social Security in 2025? ... at $1,907 in 2024, according to the Social Security Administration. If the agency announces a 2.5% COLA increase for 2025, as forecast, the ...
Image source: Getty Images. Next year's raise may be considerably lower than 2024's. In 2024, Social Security recipients saw their benefits rise 3.2%. Next year's COLA is shaping up to be much ...
In 2023, seniors on Social Security received a whopping 8.7% COLA-- the largest to arrive in decades. But this year's COLA was a relative disappointment at just 3.2%. A person holding a document ...
Based on the June BLS data, the 2024 Social Security COLA will be 3%, according to estimates from The Senior Citizens League, a non-partisan seniors advocacy group. That estimate is up from the ...