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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.
Image source: Getty Images. 1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January ...
Image source: Getty Images. Social Security benefits get a 2.5% cost-of-living adjustment (COLA) in 2025. Social Security recipients get annual cost-of-living adjustments (COLAs) to protect the ...
Millions of Social Security recipients will get a 2.5% cost-of-living increase to their monthly checks beginning in January, the Social Security Administration announced Thursday. The cost-of ...
Some Social Security changes only apply to certain groups of people, but others apply to most current or incoming recipients. Regarding the latter, there are two major changes to be aware of as we ...
How the 2025 COLA compares to recent adjustments. As of August 2024, the average Social Security recipient received a monthly benefit of $1,783.55.But the average retired worker did a bit better ...
On Oct. 10, the Social Security Administration announced that benefits would be rising by 2.5%. That happens to be a much smaller COLA than what recipients have received in recent years.
The lion's share of Social Security recipients are retired workers. The SSA estimates that the average retired-worker beneficiary will be taking home around $1,927 per month by the end of 2024.