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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 ...
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.
It's almost a sure bet that the 2024 Social Security cost-of-living adjustment (COLA) will be around 3%, based on the U.S. Department of Labor's latest inflation data. That's well down from the 8. ...
May 28, 2024 at 3:59 AM. ... following fresh inflation data, the Senior Citizens League upped its 2025 Social Security COLA estimate ever so slightly to 2.66%. That's an improvement from 1.75% ...
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 ...
In 2023, retirees received a Social Security increase of 8.7%. It was the largest annual cost-of-living adjustment (COLA) in four decades. The Social Security benefit increase fell sharply in 2024 ...
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 ...
Let's start with a bit of good news: Social Security benefits will increase by 2.5% in 2025, thanks to the annual cost-of-living adjustment (COLA). The average monthly Social Security benefit is ...