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The average Social Security benefit for retired workers in November was roughly $1,925 per month, or $23,105 annually. ... The 2026 COLA. 2026 may seem far away, but the next year's benefits are ...
This year's 3.2% COLA was above average over the past decade, and 2023's 8.7% COLA was a record-breaker. ... But in 2025, Social Security benefits will be rising by only 2.5% due to cooling ...
For retired-worker beneficiaries, who accounted for 81% of the benefits paid out by the SSA in August, the average Social Security check is set to climb by $49 per month to $1,976 in 2025.
It shows the average monthly Social Security benefit for retired workers at different ages. As shown above, the average retired-worker benefit tends to increase with age, such that the average 70 ...
Inclusive of the announced 2.5% COLA, the average monthly Social Security check will climb to $1,834.79 to enter the new year, representing an estimated increase of $44.75 per month.
Source: Social Security Administration. Chart by author. Note that as of November, the average monthly Social Security benefit was $1,925 -- or about $23,000 annually.
According to research released in 2024 by the Social Security Administration (SSA), these benefits account for about 30% of the average income of people over 65.
The Social Security Administration reported that in 2024 an average of nearly 68 million Americans per month will receive a Social Security benefit. These benefits total around $1.5 trillion paid ...