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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.
A 2.5 percent increase would raise the average Social Security payment for retired workers from $1,920.48 (as of August 2024) to $1,968.49 in 2025, an increase of $48.01. You’ll notice the COLA ...
The Social Security Administration set its 2025 cost-of-living adjustment at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some ...
The Senior Citizens League (TSCL), a nonprofit advocacy group, estimates benefits will get a 2.5% COLA next year. ... Social Security Administration. Based on the chart above, retired workers aged ...
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 ...
With the increase, the average Social Security monthly benefit check will rise by about $50. The COLA for 2025 is the second straight year of more normal annual adjustments, following large ...