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Some people receive both Social Security benefits and SSI. Jan. 8, 2025. This is when the first regular Social Security payments with the new COLA will be issued — the second Wednesday of the month.
What will the COLA be for Social Security in 2025? The 2025 cost-of-living adjustment is forecast to come in at about 2.5% , according to the Senior Citizens League (TSCL), an advocacy group for ...
The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%. This is under the 3.2% increase retirees saw last year. This is under the 3.2% increase ...
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.
As for what this means in more relatable terms, in that this year's average monthly Social Security payment stands at $1,907, a 2.63% increase would put 2025's average monthly benefit somewhere ...
More than 51 million retired workers received a Social Security check in August 2024, and most depend on those monthly benefits to make ends meet. Indeed, nearly 90% of retired workers view Social ...
Social Security averages the CPI-W data for July, August, and September and compares it to the previous year's number. If the number is higher than the previous year's, the increase becomes the COLA.
The Social Security Administration will announce the 2025 COLA on Oct. 10. Social Security benefits receive an annual cost-of-living adjustment (COLA) to help recipients keep up with rising prices ...