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In 2024, Social Security recipients received a 3.2% adjustment. The average retired worker benefit lands at roughly $1,900 per month, so that amounts to a raise of just over $60 per month.
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 ...
Meanwhile, the average Social Security check for survivors of deceased workers should also climb by $38 per month, from $1,513 to close out 2024 to an estimated $1,551 in 2025.
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 ...
The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This maximum applies to those retiring at the full retirement ...
A lot can change in a short time that could impact the 2025 Social Security COLA. ... Prediction: Retirees' 2025 Social Security COLA Will Be Higher Than Current Projections ... August 11, 2024 at ...
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 ...