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The Social Security Fairness Act, ... The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out. ... 2024 at 12:37 PM.
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. This bill would expand Social Security benefits for more than 2.7 million beneficiaries. But it comes at a cost that all workers and retirees may soon have to grapple with.
Here's the big picture: While the 2.5% COLA in 2025 is the smallest increase in Social Security benefits in four years -- 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022 -- that means prices across ...
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 ...
This is down from 3.2% in 2024. According to the Social Security Administration (SSA), starting in January the estimated average retirement benefit will increase by $49 a month, from $1,927 to $1,976.
In January of 2023, seniors on Social Security saw their benefits increase 8.7%. That cost-of-living adjustment, or COLA, was the largest one to arrive in decades. And it no doubt helped many ...
At the start of 2024, seniors on Social Security saw their monthly benefits rise by 3.2%. And given that annual inflation has dipped below that level in recent months, the hope is that 2024's cost ...